With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.34 million shares. During the session, the Utilities – Diversified company that operates in wider Utilities sector, reached to the highest price of $32.1499 whereas the lowest price it dropped to was $31.58. The 52-week range on BIP shows that it touched its highest point at $36.50 and its lowest point at $24.84 during that stretch. It currently has a 1-year price target of $40.10. With its current market cap of 20.77 billion, BIP has annualized dividend of $1.62 while the current yield stands at 5.08%. Beta for the stock currently stands at 1.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BIP was down-trending over the past week, with a drop of -0.44%, but this was down by -9.33% over a month. Three-month performance dropped to -7.06% while six-month performance rose 10.89%. The stock gained 2.41% in the past year, while it has gained 0.22% so far this year. A look at the trailing 12-month EPS for BIP yields -0.41 with Next year EPS estimates of 0.39. For the next quarter, that number is 0.18. This implies an EPS growth rate of -167.86% for this year and 511.17% for next year. EPS is expected to grow by 10.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -19.93%.
Float and Shares Shorts:
At present, 461.75 million BIP shares are outstanding with a float of 458.21 million shares on hand for trading. On 2024-12-13, short shares totaled 1.38 million, which was 30.0 higher than short shares on 1731628800. In addition to Mr. Samuel J. B. Pollock CPA as the firm’s Chief Executive Officer of Infrastructure, Mr. Benjamin Michael Vaughan serves as its COO of Brookfield Infrastructure Partners Limited & Operating Partner of Infrastructure.
Institutional Ownership:
Through their ownership of 0.62181 of BIP’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, BIP reported revenue of $5270000000.0 and operating income of $1260000000.0. The EBITDA in the recently reported quarter was $2063000000.0 and diluted EPS was -$0.18.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BIP since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BIP analysts setting a high price target of 50.0 and a low target of 34.0, the average target price over the next 12 months is 39.54545. Based on these targets, BIP could surge 56.94% to reach the target high and rise by 6.72% to reach the target low. Reaching the average price target will result in a growth of 24.12% from current levels.
Analysts have provided yearly estimates in a range of $0.0828199 being high and $0.0822821 being low. For BIP, this leads to a yearly average estimate of $0.082551.
