Brookfield Infrastructure (BIP) Receives a Hold from CIBC

By Austin Angelo

In a report released today, Kevin Chiang from CIBC maintained a Hold rating on Brookfield Infrastructure (BIPResearch Report). The company’s shares closed last Monday at $49.05, close to its 52-week high of $49.99.

According to TipRanks.com, Chiang is ranked #347 out of 5538 analysts.

Brookfield Infrastructure has an analyst consensus of Moderate Buy, with a price target consensus of $51.25, representing a 4.5% upside. In a report issued on September 27, Barclays also maintained a Hold rating on the stock with a $51.00 price target.

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Based on Brookfield Infrastructure’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.69 billion and net profit of $42 million. In comparison, last year the company had a GAAP net loss of $20 million.

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Brookfield Infrastructure Partners LP is an infrastructure company, which owns and operates assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe. It focuses on assets that generate stable cash flows and require minimal maintenance capital expenditures.