The leading market experts have placed a mean price target of $53.00 on Brookfield Infrastructure Partners LP (NYSE:BIP) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.25 a share for the upcoming quarter and $1.22 for the current fiscal.
The technical analysis of Brookfield Infrastructure Partn plainly substantiates that the 50-day moving average of Brookfield Infrastructure Partn is $47.57, and stock is trading $1.53 points away or +3.22% from its 50-day moving average of $47.57. Further it is trading $6.61 or +15.56% away its 200-day moving average of $42.49. Brookfield Infrastructure Partners LP (NYSE:BIP) 52-week high is $50.63 and the 52-week low is $30.50.
This explains if the stock moves $-1.53, it will post a 52-week high. In event of +60.98% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Brookfield Infrastructure Partn, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Brookfield Infrastructure Partners LP (NYSE:BIP) ratio came in at 36.59.
The stock last ended the trading session at $49.10 and registered a market cap of $7.97B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Brookfield Infrastructure Partners LP (NYSE:BIP) PEG ratio is at 1.92.
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