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

JonesTrading reaffirmed their buy rating on shares of FTAI Infrastructure (NASDAQ:FIP) in a research note published on Monday morning,Benzinga reports. They currently have a $8.75 price target on the stock.

A number of other equities research analysts also recently commented on FIP. Compass Point set a $12.00 price objective on FTAI Infrastructure in a research report on Tuesday, June 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Wednesday, September 9th. Wall Street Zen downgraded shares of FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Monday, July 20th. Finally, Citizens Jmp assumed coverage on shares of FTAI Infrastructure in a report on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 price target on the stock. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.95.

FTAI Infrastructure Stock Down 2.1%

Shares of FTAI Infrastructure stock opened at $2.76 on Monday. The firm has a market cap of $326.18 million, a price-to-earnings ratio of -0.53 and a beta of 1.79. The business has a fifty day simple moving average of $3.60 and a 200-day simple moving average of $4.42. FTAI Infrastructure has a fifty-two week low of $2.75 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). FTAI Infrastructure had a negative net margin of 74.10% and a negative return on equity of 147.01%. The firm had revenue of $186.77 million for the quarter, compared to the consensus estimate of $186.08 million.

FTAI Infrastructure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, August 24th. FTAI Infrastructure’s payout ratio is -2.31%.

Institutional Investors Weigh In On FTAI Infrastructure

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of FTAI Infrastructure by 1.7% in the first quarter. Bank of America Corp DE now owns 281,015 shares of the company’s stock valued at $1,388,000 after buying an additional 4,810 shares during the period. WINTON GROUP Ltd acquired a new stake in FTAI Infrastructure during the second quarter valued at approximately $65,000. Fortitude Advisory Group L.L.C. bought a new position in shares of FTAI Infrastructure during the first quarter valued at $74,000. Savant Capital LLC acquired a new stake in shares of FTAI Infrastructure in the 4th quarter valued at $72,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of FTAI Infrastructure in the second quarter valued at approximately $75,000. 87.43% of the stock is owned by 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.