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Friday, June 9, 2023

Brookfield Infrastructure Corporation (NYSE: BIPC): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Brookfield Infrastructure Corporation (BIPC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.56, or -1.24%, to $44.57. The Brookfield Infrastructure Corporation has recorded 1,811 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Brookfield Infrastructure Reports First Quarter 2023 Results.

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Stocks Info

BIPC belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Gas industry. At the end of the last regular session, the stock closed at $45.13 and fluctuated between $45.39 as its day high and $44.27 as its day low. The current market capitalization of Brookfield Infrastructure Corporation is $4.87B. A total of 0.53 million shares were traded on the day, compared to an average of 357.54K shares.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Brookfield Infrastructure Corporation pays an annual dividend of $1.53, resulting in a dividend yield of 3.39%, and it has a price to earnings (P/E) ratio of 4.57.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BIPC in the last 3 months, the mean price target is $48.00 with high estimates of $48.00 and low estimates of $48.00. In terms of 52-week highs and lows, BIPC has a high of $51.14 and a low of $37.54.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. BIPC’s latest balance sheet shows that the firm has $469.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.69B in debt and $5.07B in liabilities at the time. Its Book Value Per Share was -$9.93, while its Total Shareholder’s Equity was -$1.42B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BIPC is Buy with a score of 5.00.

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