FTAI Infrastructure (NASDAQ:FIP) Stock Keeps Buy Rating at BTIG Research

FTAI Infrastructure (NASDAQ:FIP)‘s stock had its “buy” rating reiterated by equities researchers at BTIG Research in a research note issued to investors on Monday, Benzinga reports. They currently have a $9.00 price objective on the stock. BTIG Research’s price objective indicates a potential upside of 214.47% from the company’s previous close.

FIP has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FTAI Infrastructure in a research note on Wednesday, September 9th. Wall Street Zen downgraded FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research note on Monday, July 20th. JonesTrading reaffirmed a “buy” rating and set a $8.75 target price on shares of FTAI Infrastructure in a research note on Monday. Compass Point set a $12.00 target price on FTAI Infrastructure in a research note on Tuesday, June 30th. Finally, Citizens Jmp initiated coverage on FTAI Infrastructure in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, FTAI Infrastructure has an average rating of “Moderate Buy” and a consensus target price of $9.94.

FTAI Infrastructure Stock Down 8.6%

Shares of FIP stock traded down $0.27 during trading hours on Monday, hitting $2.86. 470,168 shares of the company’s stock were exchanged, compared to its average volume of 1,108,226. The firm has a market cap of $338.23 million, a P/E ratio of -0.55 and a beta of 1.79. The firm has a 50 day moving average of $3.69 and a two-hundred day moving average of $4.47. FTAI Infrastructure has a fifty-two week low of $2.77 and a fifty-two week high of $6.69.

FTAI Infrastructure (NASDAQ:FIP) last announced 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). The business had revenue of $186.77 million for the quarter, compared to analyst estimates of $186.08 million. FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 74.10%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FIP. WINTON GROUP Ltd acquired a new stake in shares of FTAI Infrastructure in the 2nd quarter worth $65,000. Connective Capital Management LLC acquired a new stake in shares of FTAI Infrastructure in the 2nd quarter worth $167,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of FTAI Infrastructure in the 2nd quarter worth $75,000. Wellington Management Group LLP increased its stake in shares of FTAI Infrastructure by 10.3% in the 2nd quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company’s stock worth $62,595,000 after acquiring an additional 1,259,468 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of FTAI Infrastructure in the 2nd quarter worth $8,591,000. 87.43% of the stock is owned by institutional investors and hedge funds.

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.