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

FTAI Infrastructure (NASDAQ:FIP)‘s stock had its “buy” rating reaffirmed by analysts at BTIG Research in a report issued on Monday, Benzinga reports. They currently have a $9.00 target price on the stock. BTIG Research’s price objective points to a potential upside of 235.82% from the company’s current price.

A number of other analysts also recently commented on FIP. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FTAI Infrastructure in a research report on Wednesday, September 9th. Wall Street Zen downgraded FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Monday, July 20th. Compass Point set a $12.00 target price on FTAI Infrastructure in a research report on Tuesday, June 30th. Citizens Jmp started coverage on FTAI Infrastructure in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 target price for the company. Finally, JonesTrading reissued a “buy” rating and issued a $8.75 target price on shares of FTAI Infrastructure in a research report on Monday. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.95.

FTAI Infrastructure Trading Up 3.1%

Shares of FIP traded up $0.08 on Monday, reaching $2.68. 1,202,840 shares of the company’s stock traded hands, compared to its average volume of 1,121,265. The stock has a market cap of $316.72 million, a PE ratio of -0.52 and a beta of 1.84. The stock’s 50 day simple moving average is $3.53 and its two-hundred day simple moving average is $4.39. FTAI Infrastructure has a 52-week low of $2.59 and a 52-week high of $6.69.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81). The company had revenue of $186.77 million during the quarter, compared to the consensus estimate of $186.08 million.

Hedge Funds Weigh In On FTAI Infrastructure

Large investors have recently made changes to their positions in the stock. WINTON GROUP Ltd bought a new stake in FTAI Infrastructure during the second quarter valued at $65,000. Fortitude Advisory Group L.L.C. bought a new stake in FTAI Infrastructure during the first quarter valued at $74,000. Savant Capital LLC bought a new stake in FTAI Infrastructure during the fourth quarter valued at $72,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in FTAI Infrastructure during the second quarter valued at $75,000. Finally, Connective Capital Management LLC bought a new stake in FTAI Infrastructure during the second quarter valued at $167,000. 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.