Brookfield Infrastructure Partners L.P. (NYSE:BIP) retreated -3.41% and closed its last session at $31.69. The stock has the market capitalization of $7.71 Billion with the total outstanding shares of 243.24 Million. Brookfield Infrastructure Partners L.P.. has Analysts’ Mean Recommendation of 1.67 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 42.14 for trailing twelve months while its Forward P/E is 19.72.
Brookfield Infrastructure Partners L.P. (NYSE:BIP) touched its 52-Week High of $49.89 on Sep 8, 2016 while it’s 52-Week Low of $20.33 on Jan 20, 2016. The company currently has Return on Assets of 0.9 percent, Return on Equity of 4.4% and Return on Investment of 4.6 percent. The stock currently showing Weekly Volatility of 2.01%% and Monthly Volatility of 2.84% Percent with Average True Range of 0.86 and Beta of 1.05.
The 9 analysts offering 12-month price forecasts for Brookfield Infrastructure Partners LP have a median target of 38.00, with a high estimate of 40.00 and a low estimate of 36.00. The median estimate represents a +19.91% increase from the last price of 31.69.
Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) (BIP)(TSX:BIP.UN) on 8 November declared that the Toronto Stock Exchange (the “TSX”) accepted a notice filed by Brookfield Infrastructure of its intention to renew its normal course issuer bid for its outstanding limited partnership units (“LP Units”) and its class A preferred limited partnership units (“Preferred Units”, together with the LP Units, “Units”). Brookfield Infrastructure believes that in the event that the Units trade in a price range that does not fully reflect their value, the acquisition of Units may represent an attractive use of available funds.
Under the normal course issuer bid, the Board of Directors of the general partner of Brookfield Infrastructure authorized Brookfield Infrastructure to repurchase up to 5% of the issued and outstanding LP Units, or 12,181,987 LP Units. At the close of business on October 31, 2016, there were 243,639,759 LP Units issued and outstanding. Under the normal course issuer bid, Brookfield Infrastructure may purchase up to 48,663 LP Units on the TSX during any trading day, which represents 25% of the average daily trading volume of 194,653 LP Units on the TSX for the six months ended October 31, 2016, calculated in accordance with the rules of the TSX.
BROOKFIELD INFRASTRUCTURE PARTNERS L.P. was established by Brookfield Asset Management as its primary vehicle to own and operate certain infrastructure assets on a global basis. Brookfield Infrastructure operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier electricity transmission systems and timberlands in North and South America, and it seeks acquisition opportunities in other infrastructure sectors with similar attributes.