Brookfield Infrastructure (NYSE:BIPC) Price Target Raised to $46.00 at Morgan Stanley

Brookfield Infrastructure (NYSE:BIPC) had its price target lifted by investment analysts at Morgan Stanley from $45.00 to $46.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 12.36% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brookfield Infrastructure in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Brookfield Infrastructure from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell” and an average price target of $46.00.

Brookfield Infrastructure Stock Performance

NYSE:BIPC traded up $0.02 during trading hours on Wednesday, hitting $40.94. The stock had a trading volume of 279,965 shares, compared to its average volume of 986,295. Brookfield Infrastructure has a one year low of $34.18 and a one year high of $51.72. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 30.85 and a beta of 1.29. The business’s 50 day moving average is $40.99 and its 200-day moving average is $44.54.

Institutional Investors Weigh In On Brookfield Infrastructure

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its position in Brookfield Infrastructure by 1,125.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 576 shares of the company’s stock worth $26,000 after buying an additional 529 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Brookfield Infrastructure by 338.3% during the first quarter. Geneos Wealth Management Inc. now owns 710 shares of the company’s stock worth $26,000 after buying an additional 548 shares in the last quarter. Motiv8 Investments LLC acquired a new stake in Brookfield Infrastructure during the fourth quarter worth about $34,000. Smartleaf Asset Management LLC grew its position in Brookfield Infrastructure by 374.9% during the third quarter. Smartleaf Asset Management LLC now owns 812 shares of the company’s stock worth $34,000 after buying an additional 641 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Brookfield Infrastructure during the fourth quarter worth about $42,000. 70.38% of the stock is owned by institutional investors and hedge funds.

About Brookfield Infrastructure

Brookfield Infrastructure (NYSE: BIPC) is a global owner, operator and investor in essential infrastructure assets. As the corporate class of Brookfield Infrastructure Partners L.P., the company provides exposure to a diversified portfolio spanning utilities, transport, energy midstream and data infrastructure. Its holdings generate stable cash flows underpinned by regulated or long-term contracted revenue streams.

Since its formation in 2008 and U.S. listing in 2017, Brookfield Infrastructure has pursued a disciplined strategy of acquiring and managing high-quality infrastructure businesses.