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Barclays Sticks to Their Hold Rating for Brookfield Infrastructure

Investing.com
·1-min read


Barclays (LON:BARC) analyst Eric Beaumont maintained a Hold rating on Brookfield Infrastructure (NYSE:BIPC) on Tuesday, setting a price target of $46, which is approximately 8.77% above the present share price of $42.29.

Beaumont expects Brookfield Infrastructure to post earnings per share (EPS) of $0.00 for the second quarter of 2020.

The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Brookfield Infrastructure, with an average price target of $46.7.
The analysts price targets range from a high of $53 to a low of $35.54.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $2.2 billion and a net profit of $496 million. The company's market cap is $11.99 billion.

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According to TipRanks.com, Barclays analyst Eric Beaumont is a 3-star analyst with an average return of 2.5% and a 56.8% success rate.

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.