FTAI Infrastructure’s (FIP) “Buy” Rating Reiterated at BTIG Research

FTAI Infrastructure (NASDAQ:FIP)‘s stock had its “buy” rating reissued by investment analysts at BTIG Research in a report issued on Monday, Benzinga reports. They presently have a $9.00 price objective on the stock. BTIG Research’s price target would suggest a potential upside of 202.52% from the stock’s current price.

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

FTAI Infrastructure Trading Down 5.0%

Shares of FIP traded down $0.16 during trading hours on Monday, reaching $2.98. 1,224,499 shares of the company traded hands, compared to its average volume of 1,112,323. The stock’s fifty day moving average price is $3.69 and its 200 day moving average price is $4.47. The firm has a market cap of $351.59 million, a price-to-earnings ratio of -0.57 and a beta of 1.79. FTAI Infrastructure has a 12-month low of $2.77 and a 12-month high of $6.69.

FTAI Infrastructure (NASDAQ:FIP) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($1.41) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.81). The company had revenue of $186.77 million during the quarter, compared to analysts’ expectations 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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of FTAI Infrastructure during the second quarter worth about $8,591,000. Wellington Management Group LLP raised its holdings 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 worth $62,595,000 after buying an additional 1,259,468 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of FTAI Infrastructure during the first quarter worth $1,839,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of FTAI Infrastructure by 43.5% during the first 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 buying an additional 131,521 shares during the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of FTAI Infrastructure by 38.0% during the first quarter. Lazard Asset Management LLC now owns 467,149 shares of the company’s stock valued at $2,308,000 after buying an additional 128,598 shares during the last quarter. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

About FTAI Infrastructure

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.