BTIG Research Reaffirms “Buy” Rating for FTAI Infrastructure (NASDAQ:FIP)

FTAI Infrastructure (NASDAQ:FIP)‘s stock had its “buy” rating restated by BTIG Research in a report released on Monday, Benzinga reports. They presently have a $9.00 target price on the stock. BTIG Research’s price target would indicate a potential upside of 204.67% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. JonesTrading restated a “buy” rating and set a $8.75 price target on shares of FTAI Infrastructure in a report on Monday. Compass Point set a $12.00 price target on FTAI Infrastructure in a report on Tuesday, June 30th. Citizens Jmp initiated coverage on FTAI Infrastructure in a report on Wednesday, July 15th. They set a “market outperform” rating and a $10.00 price target on the stock. Wall Street Zen downgraded FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a report on Monday, July 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, FTAI Infrastructure presently has an average rating of “Moderate Buy” and a consensus target price of $9.94.

FTAI Infrastructure Trading Down 5.6%

FIP traded down $0.18 during mid-day trading on Monday, hitting $2.95. 1,105,298 shares of the stock were exchanged, compared to its average volume of 1,111,563. The firm’s fifty day moving average is $3.69 and its two-hundred day moving average is $4.47. FTAI Infrastructure has a 1-year low of $2.77 and a 1-year high of $6.69. The company has a market cap of $349.10 million, a PE ratio of -0.57 and a beta of 1.79.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Wednesday, August 5th. The company reported ($1.41) earnings per share (EPS) 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 firm had revenue of $186.77 million for the quarter, compared to analyst estimates of $186.08 million.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FIP. WINTON GROUP Ltd purchased a new position in FTAI Infrastructure during the 2nd quarter worth approximately $65,000. Fortitude Advisory Group L.L.C. purchased a new position in FTAI Infrastructure during the 1st quarter worth approximately $74,000. Savant Capital LLC purchased a new position in FTAI Infrastructure during the 4th quarter worth approximately $72,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in FTAI Infrastructure during the 2nd quarter worth approximately $75,000. Finally, Connective Capital Management LLC purchased a new position in FTAI Infrastructure during the 2nd quarter worth approximately $167,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

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.