In a report issued on September 9, Andrew Kuske from Credit Suisse reiterated a Hold rating on Brookfield Infrastructure (BIP – Research Report), with a price target of $47.50. The company’s shares closed last Monday at $47.27, close to its 52-week high of $48.79.
Kuske has an average return of 10.5% when recommending Brookfield Infrastructure.
According to TipRanks.com, Kuske is ranked #1409 out of 5546 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Brookfield Infrastructure with a $47.63 average price target.
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 net profit of $64 million.
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Brookfield Infrastructure Partners LP engages in the operation of assets that generates cash flows and requires minimal capital expenditures. It operates through the following business segments: Utilities, Transport, Energy, Communications Infrastructure, and Corporate.