FTAI Infrastructure (NASDAQ:FIP) Stock Rating Reaffirmed as "Buy" by JonesTrading

Key Points

• JonesTrading reaffirmed its “Buy” rating on FTAI Infrastructure and maintained an $8.75 price target, implying 176.64% potential upside from the stock’s $3.16 price.
• Analyst sentiment is mixed but leans positive: three analysts rate the stock Buy and one rates it Sell, resulting in a “Moderate Buy” consensus and an average price target of $9.94.
• FTAI Infrastructure reported a wider-than-expected quarterly loss of $1.41 per share, while revenue of $186.77 million slightly exceeded estimates. Institutional investors own 87.43% of the company, with Wellington Management among the largest holders.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at JonesTrading in a research note issued to investors on Monday, Benzinga reports. They presently have a $8.75 target price on the stock. JonesTrading's price objective points to a potential upside of 176.64% from the stock's current price.

Several other equities analysts also recently commented on FIP. Citizens Jmp started coverage on shares of FTAI Infrastructure in a research note on Wednesday, July 15th. They issued a "market outperform" rating and a $10.00 price objective for the company. Wall Street Zen cut FTAI Infrastructure from a "sell" rating to a "strong sell" rating in a research note on Monday, July 20th. Weiss Ratings reissued a "sell (e+)" rating on shares of FTAI Infrastructure in a report on Wednesday, September 9th. Finally, Compass Point set a $12.00 price objective on FTAI Infrastructure in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, FTAI Infrastructure has an average rating of "Moderate Buy" and a consensus price target of $9.94.

FTAI Infrastructure Stock Performance

Shares of NASDAQ FIP traded up $0.03 during trading hours on Monday, reaching $3.16. 57,001 shares of the stock were exchanged, compared to its average volume of 1,105,997. The firm has a market capitalization of $373.80 million, a price-to-earnings ratio of -0.61 and a beta of 1.79. The stock's fifty day simple moving average is $3.69 and its 200 day simple moving average is $4.47. FTAI Infrastructure has a 52 week low of $2.77 and a 52 week high of $6.69.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last issued its quarterly earnings data 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 return on equity of 147.01% and a negative net margin of 74.10%.The business had revenue of $186.77 million during the quarter, compared to analyst estimates of $186.08 million.

Institutional Investors Weigh In On FTAI Infrastructure

Several large investors have recently added to or reduced their stakes in FIP. Wellington Management Group LLP boosted its position in shares of FTAI Infrastructure by 10.3% in the second quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company's stock valued at $62,595,000 after acquiring an additional 1,259,468 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in FTAI Infrastructure during the 2nd quarter worth approximately $8,591,000. Pingora Partners LLC lifted its stake in FTAI Infrastructure by 3.1% in the 4th quarter. Pingora Partners LLC now owns 1,770,103 shares of the company's stock worth $8,160,000 after purchasing an additional 53,930 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in FTAI Infrastructure by 38.0% in the 1st quarter. Lazard Asset Management LLC now owns 467,149 shares of the company's stock valued at $2,308,000 after purchasing an additional 128,598 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of FTAI Infrastructure by 43.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 433,930 shares of the company's stock valued at $2,144,000 after purchasing an additional 131,521 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company's stock.

About FTAI Infrastructure

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.