Down 26%, This Incredible Dividend Stock Is a Screaming Buy Right Now
Brookfield Infrastructure Partners (NYSE: BIP) has taken a beating this year. The global infrastructure giant has tumbled 26% from its 52-week high, with a big portion of that decline coming in recent weeks.
That sell-off is a big headscratcher, considering the company's growth prospects. It makes Brookfield Infrastructure look like a screaming buy right now.
Despite the valuation decline, Brookfield Infrastructure is having a fantastic year. The company is on track to grow the annual run-rate of its funds from operations (FFO) by about 13% this year, pushing it to $3.05 per share by the fourth quarter. With units of the partnership recently trading at less than $28 apiece, Brookfield sells for 9.2 times FFO. Meanwhile, the economically equivalent corporate shares of Brookfield Infrastructure Corporation (NYSE: BIPC) are almost as cheap. With a $33 share price, it trades at 10.9 times FFO. They're ridiculously cheap, considering that the S 500 currently fetches more than 19 times earnings.
Source Fool.com
Brookfield Corp. Aktie
Die Brookfield Corp. Aktie erhält mehrere Buy-Einschätzungen, übersteigt die Sell-Zahlen.
Mit einem Kursziel von 42 € für Brookfield Corp. könnte eine leichte Steigerung gegenüber dem aktuellen Kurs von 39.6 € erreicht werden.
