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Brookfield Infrastructure (BIP) Looks Good: Stock Adds 5.5% in Session


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Brookfield Infrastructure Partners L.P.BIP was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $37.71 to $39.69 in the past one-month time frame.

The move came after the company declared that it has inked a definitive agreement to acquire Enbridge Inc.'s Western Canadian natural gas gathering and processing business for roughly $3.3 billion. 

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Brookfield Infrastructure currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Brookfield Infrastructure Partners LP Price

Brookfield Infrastructure Partners LP Price | Brookfield Infrastructure Partners LP Quote



A better-ranked stock in the Utility - Electric Power industry is Alliant Energy Corporation LNT , holding a Zacks Rank #2 (Buy). You can see  the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

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Brookfield Infrastructure Partners LP (BIP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: BIP , LNT



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