The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
After finishing at $30.21 in the prior trading day, Brookfield Infrastructure Partners L.P (NYSE: BIP) closed at $28.86, down -4.47%. In other words, the price has decreased by -$4.47 from its previous closing price. On the day, 1.11 million shares were traded.
Ratios:
Our goal is to gain a better understanding of BIP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 65.54. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 0.77. In the meantime, Its Debt-to-Equity ratio is 9.09 whereas as Long-Term Debt/Eq ratio is at 9.09.
National Bank Financial Upgraded its Sector Perform to Outperform on October 18, 2023, while the target price for the stock was maintained at $33.
Valuation Measures:
As of this moment, Brookfield’s Price-to-Earnings (P/E) ratio for their current fiscal year is 719.70, and their Forward P/E ratio for the next fiscal year is 21.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 2.87.
Stock Price History:
Over the past 52 weeks, BIP has reached a high of $36.50, while it has fallen to a 52-week low of $24.84. The 50-Day Moving Average of the stock is -10.41%, while the 200-Day Moving Average is calculated to be -9.97%.
Shares Statistics:
A total of 461.51M shares are outstanding, with a floating share count of 458.06M. Insiders hold about 0.75% of the company’s shares, while institutions hold 59.41% stake in the company.
