FTAI Infrastructure (NASDAQ:FIP) Given New $9.00 Price Target at BTIG Research

FTAI Infrastructure (NASDAQ:FIP) had its price objective dropped by analysts at BTIG Research from $10.00 to $9.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price points to a potential upside of 86.92% from the company’s previous close.

Other equities analysts have also issued reports about the company. Wall Street Zen lowered FTAI Infrastructure from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FTAI Infrastructure in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.00.

FTAI Infrastructure Stock Down 6.1%

FTAI Infrastructure stock traded down $0.32 during midday trading on Friday, hitting $4.82. 2,394,881 shares of the company were exchanged, compared to its average volume of 1,027,800. The company’s fifty day moving average price is $5.45 and its 200-day moving average price is $5.30. The company has a market cap of $568.94 million, a PE ratio of -2.09 and a beta of 1.96. The company has a debt-to-equity ratio of 110.28, a current ratio of 1.18 and a quick ratio of 1.18. FTAI Infrastructure has a fifty-two week low of $3.90 and a fifty-two week high of $7.93.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.32) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.90). The company had revenue of $188.36 million for the quarter, compared to analyst estimates of $182.41 million. FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 31.93%.FTAI Infrastructure’s revenue was up 95.8% on a year-over-year basis.

Hedge Funds Weigh In On FTAI Infrastructure

A number of institutional investors have recently made changes to their positions in the business. Legacy Wealth Managment LLC ID raised its position in shares of FTAI Infrastructure by 288.6% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 128,589 shares of the company’s stock valued at $635,000 after purchasing an additional 95,498 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its position in shares of FTAI Infrastructure by 43.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 433,930 shares of the company’s stock valued at $2,144,000 after purchasing an additional 131,521 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of FTAI Infrastructure during the 1st quarter valued at approximately $1,839,000. Fortitude Advisory Group L.L.C. acquired a new stake in shares of FTAI Infrastructure during the 1st quarter valued at approximately $74,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of FTAI Infrastructure by 20.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 39,849 shares of the company’s stock valued at $184,000 after acquiring an additional 6,678 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

FTAI Infrastructure Company Profile

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.