Brookfield Infrastructure Partners (TSE:BIP.UN) Sets New 52-Week High – Should You Buy?

Brookfield Infrastructure Partners L.P. (TSE:BIP.UN) (NYSE:BIP) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$62.69 and last traded at C$49.38, with a volume of 108841 shares. The stock had previously closed at C$48.56.

Analyst Upgrades and Downgrades

Separately, National Bankshares increased their price target on Brookfield Infrastructure Partners from C$31.00 to C$34.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd.

Brookfield Infrastructure Partners Stock Performance

The firm has a 50-day moving average price of C$47.60 and a 200 day moving average price of C$43.16. The company has a quick ratio of 0.45, a current ratio of 0.81 and a debt-to-equity ratio of 180.01. The firm has a market capitalization of C$22.88 billion, a PE ratio of -275.33, a price-to-earnings-growth ratio of -2.12 and a beta of 1.05.

About Brookfield Infrastructure Partners

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy, and data infrastructure businesses. The Utilities segment operates approximately 2,000 kilometers (km) of natural gas transportation pipelines in the states of Rio de Janeiro, Sao Paulo, and Minas Gerais; approximately 2,200 km of electricity transmission lines in North and South America; and approximately 6.6 million electricity and natural gas connections and 1.1 million smart meters, as well as operates metallurgical coal export terminals.