FTAI Infrastructure (NASDAQ:FIP) Given New $9.00 Price Target at BTIG Research

Key Points

• BTIG Research cut its price target on FTAI Infrastructure from $10.00 to $9.00 while keeping a buy rating, implying notable upside from the current share price.
• The stock was down 6.1% to $4.82 on Friday, with trading volume well above average; the company now has a market cap of about $568.9 million.
• FTAI Infrastructure’s latest earnings showed a loss of $1.32 per share, missing estimates, even though revenue rose 95.8% year over year to $188.36 million.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) had its target price decreased by BTIG Research from $10.00 to $9.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. BTIG Research's price objective indicates a potential upside of 86.92% from the company's current price.

Several other analysts have also recently commented on FIP. Wall Street Zen cut FTAI Infrastructure from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. Weiss Ratings restated a "sell (d-)" rating on shares of FTAI Infrastructure in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $9.00.

FTAI Infrastructure Trading Down 6.1%

FIP traded down $0.32 during midday trading on Friday, hitting $4.82. The company's stock had a trading volume of 2,394,881 shares, compared to its average volume of 1,027,800. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 110.28. The firm has a market cap of $568.94 million, a P/E ratio of -2.09 and a beta of 1.96. The firm has a 50-day moving average price of $5.45 and a two-hundred day moving average price of $5.30. FTAI Infrastructure has a 52-week low of $3.90 and a 52-week high of $7.93.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.32) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.90). The business had revenue of $188.36 million during the quarter, compared to analysts' expectations of $182.41 million. FTAI Infrastructure had a negative net margin of 31.93% and a negative return on equity of 147.01%. The business's revenue for the quarter was up 95.8% on a year-over-year basis.

Hedge Funds Weigh In On FTAI Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC lifted its holdings in shares of FTAI Infrastructure by 6,941.7% during the 4th quarter. Larson Financial Group LLC now owns 8,098 shares of the company's stock valued at $37,000 after acquiring an additional 7,983 shares in the last quarter. Russell Investments Group Ltd. lifted its position in FTAI Infrastructure by 12,129.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company's stock worth $40,000 after acquiring an additional 9,097 shares in the last quarter. GSA Capital Partners LLP acquired a new position in FTAI Infrastructure during the 3rd quarter worth approximately $46,000. Xponance LLC acquired a new position in FTAI Infrastructure during the 4th quarter worth approximately $47,000. Finally, CIBC Bancorp USA Inc. acquired a new position in FTAI Infrastructure during the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Ltd NASDAQ: FIP is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.

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