During the past trading session, shares of Brookfield Infrastructure Partners LP (NYSE:BIP) traded -3.41%. Covering analysts are predicting the stock to move to $37.97 within the next year. Depending on the analyst, target price projections may differ widely. This target price is a consensus number based on polled analysts by Thomson Reuters.
Wall Street analysts have the ability to use various metrics to help calculate target projections. A commonly used metric is a company’s P/E Ratio. This calculation stems from dividing the current share price by the projected earnings per share. At the time of this writing, Brookfield Infrastructure Partn has a price to earnings ratio of 42.14. Investors may also evaluate a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may indicate that the company is overvalued. A PEG Ratio near one may be seen as fair value. The stock presently has a PEG Ratio of 0.78.
Taking a brief view of stock performance, we see that company shares are currently trading $-1.60 off the 50-day moving average of $33.29 and $-1.15 off of the 200-day moving average of $32.84. The stock has been recently recorded -36.48% off of the 52-week high of 49.89 and +55.85% away from the 52-week low of 20.33. Tracking the stock price relative to moving averages and highs and lows for the year may help evaluate the future value of the stock.