FTAI Infrastructure Inc. (NASDAQ:FIP) Stock Has Average Price Target of $9.95 According to Brokerages

Key Points

• Analysts remain moderately bullish: FTAI Infrastructure has a consensus “Moderate Buy” rating from five analysts, with four buys and one sell. The average 12-month price target is $9.95, well above the latest price of $2.54.
• Shares have weakened significantly: FIP trades near its one-year low of $2.23, below both its 50-day moving average of $3.08 and 200-day moving average of $4.13. The company reported a quarterly loss of $1.41 per share, missing the consensus estimate of a $0.60 loss.
• Institutional ownership is substantial: Hedge funds and other institutional investors own 87.43% of the stock, while the company maintains a quarterly dividend of $0.03 per share, representing a 4.7% annualized yield at the reported share price.

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report) have received a consensus rating of "Moderate Buy" from the five analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $9.95.

A number of analysts recently commented on the company. Citizens Jmp began 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. Jefferies Financial Group set a $10.00 target price on shares of FTAI Infrastructure in a research note on Tuesday, September 29th. Wall Street Zen lowered shares of FTAI Infrastructure from a "sell" rating to a "strong sell" rating in a report on Monday, July 20th. Compass Point set a $12.00 price target on shares of FTAI Infrastructure in a research note on Tuesday, June 30th. Finally, BTIG Research reiterated a "buy" rating and set a $9.00 price target on shares of FTAI Infrastructure in a report on Monday, September 28th.

Institutional Trading of FTAI Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of FIP. Wellington Management Group LLP increased its stake in 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 purchasing an additional 1,259,468 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in FTAI Infrastructure in the 2nd quarter worth about $8,591,000. Fifth Third Bancorp acquired a new stake in FTAI Infrastructure in the 1st quarter worth about $1,839,000. Teachers Retirement System of The State of Kentucky boosted its stake in FTAI Infrastructure by 43.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 433,930 shares of the company's stock worth $2,144,000 after buying an additional 131,521 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in FTAI Infrastructure in the 2nd quarter valued at about $65,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

FTAI Infrastructure Stock Performance

FIP stock traded up $0.02 on Friday, reaching $2.54. The company had a trading volume of 1,198,787 shares, compared to its average volume of 1,440,849. The company's fifty day moving average is $3.08 and its 200 day moving average is $4.13. The company has a market cap of $300.18 million, a P/E ratio of -0.49 and a beta of 1.84. FTAI Infrastructure has a 1 year low of $2.23 and a 1 year high of $6.69.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last released its quarterly earnings results 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). The business had revenue of $186.77 million during the quarter, compared to the consensus estimate of $186.08 million.

FTAI Infrastructure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a dividend of $0.03 per share. The ex-dividend date was Monday, August 24th. This represents a $0.12 dividend on an annualized basis and a yield of 4.7%. FTAI Infrastructure's dividend payout ratio (DPR) is -2.31%.

About FTAI Infrastructure

FTAI Infrastructure Inc is an infrastructure company that owns and operates critical transportation and energy assets. Its portfolio is designed to support the movement, storage and processing of essential commodities and industrial products, with a focus on long-lived infrastructure that serves industrial and logistics customers.

The company's businesses include Transtar, an industrial rail network serving manufacturing facilities, ports and other freight customers; Jefferson Terminal, a multimodal port and logistics facility on the U.S.

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