Raymond James Downgrades Brookfield Infrastructure Partners L.P. to Outperform

Brokerage firm Raymond James Downgrades its rating on Brookfield Infrastructure Partners L.P.(NYSE:BIP). The shares have been rated Outperform. Previously, the analysts had a Strong Buy rating on the shares. The rating by Raymond James was issued on Sep 26, 2016.

In a different note, On Sep 19, 2016, Citigroup said it Maintains its rating on Brookfield Infrastructure Partners L.P.. In the research note, the firm Raises the price-target to $31.33 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 22, 2016, Credit Suisse said it Reinstates its rating on Brookfield Infrastructure Partners L.P.. The shares have been rated ‘Outperform’ by the firm.

Brookfield Infrastructure Partners L.P. (BIP) made into the market gainers list on Thursdays trading session with the shares advancing 1.55% or 0.52 points. Due to strong positive momentum, the stock ended at $34.07, which is also near the day’s high of $34.58. The stock began the session at $33.91 and the volume stood at 2,66,613 shares. The 52-week high of the shares is $34.24 and the 52 week low is $20.333333. The company has a current market capitalization of $8,294 M and it has 24,34,50,000 shares in outstanding.

Brookfield Infrastructure Partners L.P.(BIP) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $462.00M. Analysts had an estimated revenue of $674.50M. Earnings per share were $0.59. Analysts had estimated an EPS of $0.33.

Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure) owns and operates utilities transport and energy businesses in North and South America Australasia and Europe. Brookfield Infrastructure has appointed Brookfield as its Service Provider to provide certain management administrative and advisory services for a fee under the Master Services Agreement. Brookfield owns an approximate 28.5% interest in Brookfield Infrastructure. The Company operates in three segments: Utilities which include Regulated or contractual businesses that earn a return on their rate base; Transport which provides transportation for freight bulk commodities and passengers for which it is paid an access fee and Energy which includes systems that provide transmission distribution and storage services.

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