FTAI Infrastructure (NASDAQ:FIP) Stock Price Up 10% - What's Next?

Key Points

• FTAI Infrastructure Inc. stock price surged by 10% to $7.90 during mid-week trading, although trading volume dropped significantly to about 611,741 shares.
• Analysts from JMP Securities set a new price target of $12.00 while maintaining a "market outperform" rating for the firm.
• FTAI Infrastructure reported a quarterly EPS of $0.89, outperforming expectations, despite a negative net margin of 16.69% and a high debt-to-equity ratio of 7.90.

FTAI Infrastructure Inc. (NASDAQ:FIP - Get Free Report)'s share price was up 10% during trading on Wednesday . The stock traded as high as $7.69 and last traded at $7.90. Approximately 611,741 shares changed hands during trading, a decline of 53% from the average daily volume of 1,297,941 shares. The stock had previously closed at $7.18.

Analysts Set New Price Targets

Separately, JMP Securities restated a "market outperform" rating and set a $12.00 price target on shares of FTAI Infrastructure in a research report on Tuesday, April 22nd.

FTAI Infrastructure Stock Up 0.1%

The firm's 50-day moving average price is $6.39 and its 200 day moving average price is $5.62. The firm has a market cap of $824.55 million, a P/E ratio of -5.47 and a beta of 1.89. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 7.90.

FTAI Infrastructure (NASDAQ:FIP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $1.23. The business had revenue of $96.16 million during the quarter, compared to the consensus estimate of $107.84 million. FTAI Infrastructure had a negative net margin of 16.69% and a negative return on equity of 0.20%.

Institutional Trading of FTAI Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of FIP. Raymond James Financial Inc. acquired a new position in shares of FTAI Infrastructure in the 4th quarter valued at about $347,000. KLP Kapitalforvaltning AS acquired a new position in shares of FTAI Infrastructure in the 4th quarter valued at about $173,000. LPL Financial LLC increased its holdings in FTAI Infrastructure by 106.3% in the fourth quarter. LPL Financial LLC now owns 431,483 shares of the company's stock worth $3,133,000 after buying an additional 222,299 shares during the last quarter. Vanguard Group Inc. increased its holdings in FTAI Infrastructure by 12.6% in the fourth quarter. Vanguard Group Inc. now owns 6,537,542 shares of the company's stock worth $47,463,000 after buying an additional 730,895 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in FTAI Infrastructure by 6.6% in the fourth quarter. JPMorgan Chase & Co. now owns 552,459 shares of the company's stock worth $4,011,000 after buying an additional 34,165 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company's stock.

FTAI Infrastructure Company Profile

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.