RBC Capital analyst Robert Kwan maintained a Buy rating on Brookfield Infrastructure (BIP) on April 23 and set a price target of $51.00. The company’s shares closed last Friday at $37.32.
According to TipRanks.com, Kwan is a 5-star analyst with an average return of 9.3% and a 66.5% success rate. Kwan covers the Utilities sector, focusing on stocks such as AltaGas, Fortis, and Emera.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Brookfield Infrastructure with a $46.47 average price target, which is a 21.8% upside from current levels. In a report issued on April 8, BMO Capital also maintained a Buy rating on the stock with a $45.00 price target.
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Based on Brookfield Infrastructure’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.66 billion and net profit of $28 million. In comparison, last year the company earned revenue of $1.43 billion and had a net profit of $60 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. The company was founded in July 1905 and is headquartered in Hamilton, Bermuda.
