FTAI Infrastructure (NASDAQ:FIP) Earns Buy Rating from BTIG Research

FTAI Infrastructure (NASDAQ:FIP)‘s stock had its “buy” rating reissued by equities researchers at BTIG Research in a note issued to investors on Monday, Benzinga reports. They currently have a $9.00 target price on the stock. BTIG Research’s price target points to a potential upside of 210.24% from the company’s current price.

Several other research firms have also commented on FIP. Compass Point set a $12.00 price target on FTAI Infrastructure in a research report on Tuesday, June 30th. JonesTrading reaffirmed a “buy” rating and set a $8.75 price target on shares of FTAI Infrastructure in a research report on Monday. Citizens Jmp began coverage on FTAI Infrastructure in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 price target on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Wednesday, September 9th. Finally, Wall Street Zen lowered FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Monday, July 20th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, FTAI Infrastructure has an average rating of “Moderate Buy” and a consensus target price of $9.94.

FTAI Infrastructure Price Performance

Shares of NASDAQ FIP traded down $0.23 during midday trading on Monday, hitting $2.90. 724,908 shares of the company’s stock were exchanged, compared to its average volume of 1,109,456. FTAI Infrastructure has a twelve month low of $2.77 and a twelve month high of $6.69. The company has a market cap of $342.84 million, a PE ratio of -0.54 and a beta of 1.79. The firm’s fifty day simple moving average is $3.69 and its 200-day simple moving average is $4.47.

FTAI Infrastructure (NASDAQ:FIP) last issued its earnings results on Wednesday, August 5th. The company reported ($1.41) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.81). FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 74.10%.The business had revenue of $186.77 million for the quarter, compared to analyst estimates of $186.08 million.

Institutional Trading of FTAI Infrastructure

A number of institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd purchased a new stake in shares of FTAI Infrastructure in the second quarter valued at $65,000. Connective Capital Management LLC purchased a new stake in shares of FTAI Infrastructure in the second quarter valued at $167,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of FTAI Infrastructure in the second quarter valued at $75,000. Wellington Management Group LLP lifted its position in shares of FTAI Infrastructure by 10.3% in the second quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company’s stock valued at $62,595,000 after acquiring an additional 1,259,468 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of FTAI Infrastructure in the second quarter valued at $8,591,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc owns and operates critical infrastructure assets that support the transportation and energy sectors. The company focuses on businesses that provide essential services to industrial, commercial and governmental customers, including rail transportation, port and terminal operations, and power generation.

Its portfolio includes Transtar, a provider of industrial rail transportation and related services, as well as energy and logistics infrastructure such as the Jefferson Energy Companies terminal in Georgia, the Repauno Port and Rail Terminal in New Jersey, and the Long Ridge Energy Terminal and power-generation complex in Ohio.