Macquarie Infrastructure Company (NYSE:MIC) – Equities research analysts at SunTrust Banks boosted their FY2017 EPS estimates for shares of Macquarie Infrastructure in a research report issued to clients and investors on Friday. SunTrust Banks analyst T. Richardson now expects that the conglomerate will post earnings of $2.35 per share for the year, up from their prior estimate of $2.34. SunTrust Banks has a “Buy” rating and a $92.00 price target on the stock.

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A number of other research analysts have also recently issued reports on the company. Zacks Investment Research raised Macquarie Infrastructure from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday. BidaskClub upgraded Macquarie Infrastructure from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $90.25.

Macquarie Infrastructure (NYSE:MIC) opened at 76.98 on Monday. Macquarie Infrastructure has a 52-week low of $73.24 and a 52-week high of $85.45. The company has a 50 day moving average price of $77.92 and a 200-day moving average price of $79.38. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 38.41 and a beta of 0.93.

Several hedge funds and other institutional investors have recently made changes to their positions in MIC. Commonwealth Financial Services LLC acquired a new stake in shares of Macquarie Infrastructure during the first quarter worth $119,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Macquarie Infrastructure during the first quarter valued at approximately $121,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Macquarie Infrastructure by 244.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,997 shares of the conglomerate’s stock valued at $161,000 after buying an additional 1,418 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Macquarie Infrastructure by 412.5% in the first quarter. Daiwa Securities Group Inc. now owns 2,050 shares of the conglomerate’s stock valued at $165,000 after buying an additional 1,650 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Macquarie Infrastructure by 3.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,078 shares of the conglomerate’s stock valued at $157,000 after buying an additional 73 shares in the last quarter. Institutional investors own 86.74% of the company’s stock.

About Macquarie Infrastructure

Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.

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