FTAI Infrastructure's (FIP) "Buy" Rating Reaffirmed at BTIG Research

Key Points

• BTIG Research reaffirmed a “Buy” rating on FTAI Infrastructure and set a $9.00 price target, implying 215.24% upside from the prior close. MarketBeat analysts collectively rate the stock “Moderate Buy,” with an average target of $9.94.
• FIP shares fell 8.8% to $2.86 and are near their one-year low. The company reported a quarterly loss of $1.41 per share, missing the consensus estimate by $0.81, despite revenue slightly exceeding forecasts.
• Institutional investors own 87.43% of FTAI Infrastructure, with Wellington Management increasing its stake by 10.3% during the second quarter. The company operates transportation and energy infrastructure assets, including rail, port, terminal and power-generation facilities.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report)'s stock had its "buy" rating restated by stock analysts at BTIG Research in a research note issued to investors on Monday, Benzinga reports. They currently have a $9.00 price target on the stock. BTIG Research's price target would indicate a potential upside of 215.24% from the stock's previous close.

FIP has been the subject of a number of other research reports. Wall Street Zen cut 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 price objective on FTAI Infrastructure in a research report on Tuesday, June 30th. Weiss Ratings reissued a "sell (e+)" rating on shares of FTAI Infrastructure in a research report on Wednesday, September 9th. Citizens Jmp assumed coverage on FTAI Infrastructure in a research report on Wednesday, July 15th. They set a "market outperform" rating and a $10.00 price objective for the company. Finally, JonesTrading restated a "buy" rating and set a $8.75 price target on shares of FTAI Infrastructure in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $9.94.

FTAI Infrastructure Stock Down 8.8%

Shares of FTAI Infrastructure stock traded down $0.28 during midday trading on Monday, hitting $2.86. The company's stock had a trading volume of 628,637 shares, compared to its average volume of 1,108,439. The firm has a market capitalization of $337.40 million, a P/E ratio of -0.55 and a beta of 1.79. The stock has a 50-day simple moving average of $3.69 and a 200-day simple moving average of $4.47. FTAI Infrastructure has a 1-year low of $2.77 and a 1-year high of $6.69.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($1.41) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.81). The firm had revenue of $186.77 million for the quarter, compared to analyst estimates of $186.08 million. FTAI Infrastructure had a negative net margin of 74.10% and a negative return on equity of 147.01%.

Hedge Funds Weigh In On FTAI Infrastructure

A number of large investors have recently added to or reduced their stakes in FIP. WINTON GROUP Ltd bought a new position in shares of FTAI Infrastructure in the 2nd quarter valued at about $65,000. Connective Capital Management LLC acquired a new stake in FTAI Infrastructure in the 2nd quarter valued at about $167,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in FTAI Infrastructure in the 2nd quarter valued at about $75,000. Wellington Management Group LLP lifted its stake in FTAI Infrastructure by 10.3% in the 2nd quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company's stock valued at $62,595,000 after purchasing an additional 1,259,468 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in FTAI Infrastructure in the 2nd quarter valued at about $8,591,000. 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.