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NYSE:MIC

Macquarie Infrastructure Stock Forecast, Price & News

$32.56
+0.21 (+0.65 %)
(As of 12/1/2020 12:00 AM ET)
Add
Compare
Today's Range
$32.19
Now: $32.56
$32.89
50-Day Range
$25.21
MA: $29.17
$34.54
52-Week Range
$12.50
Now: $32.56
$45.93
Volume408,075 shs
Average Volume949,153 shs
Market Capitalization$2.84 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.41
Macquarie Infrastructure Corporation owns and operates a portfolio of infrastructure and infrastructure-like businesses that provide services to corporations, government agencies and individual customers primarily in the United States. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, various commodity and specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada. The Atlantic Aviation segment offers fuel delivery, de-icing, aircraft parking and hangar rental, and aircraft cleaning and catering services to owners/operators of jet aircraft, as well as for commercial, military, freight, and government aviation customers. The MIC Hawaii segment processes, distributes, and sells synthetic and renewable natural gas; and distributes and sells liquefied natural gas to industrial, commercial, residential, hospitality, military, public sector, and wholesale users. This segment's products are used in various applications, such as water heating, drying, cooking, emergency power generation, and other uses. The company was founded in 2004 and is headquartered in New York, New York.
Macquarie Infrastructure logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.1Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.25 out of 5 stars


Industry, Sector and Symbol

Industry Petroleum products, not elsewhere classified
Sub-IndustryN/A
CUSIPN/A
Phone212-231-1000
Employees1,999

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.73 billion
Cash Flow$7.54 per share
Book Value$21.28 per share

Profitability

Net Income$156 million

Miscellaneous

Market Cap$2.84 billion
Next Earnings Date2/23/2021 (Estimated)
OptionableOptionable
$32.56
+0.21 (+0.65 %)
(As of 12/1/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Macquarie Infrastructure (NYSE:MIC) Frequently Asked Questions

How has Macquarie Infrastructure's stock price been impacted by Coronavirus (COVID-19)?

Macquarie Infrastructure's stock was trading at $34.33 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MIC stock has decreased by 5.2% and is now trading at $32.56.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Macquarie Infrastructure?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Macquarie Infrastructure in the last year. There are currently 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Macquarie Infrastructure
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Macquarie Infrastructure?

Wall Street analysts have given Macquarie Infrastructure a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Macquarie Infrastructure wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Macquarie Infrastructure's next earnings date?

Macquarie Infrastructure is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Macquarie Infrastructure
.

How were Macquarie Infrastructure's earnings last quarter?

Macquarie Infrastructure Co. (NYSE:MIC) announced its quarterly earnings results on Saturday, November, 14th. The conglomerate reported ($10.26) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $10.41. The conglomerate had revenue of $202 million for the quarter, compared to analysts' expectations of $325.50 million. Macquarie Infrastructure had a positive return on equity of 10.05% and a negative net margin of 67.23%.
View Macquarie Infrastructure's earnings history
.

How often does Macquarie Infrastructure pay dividends? What is the dividend yield for Macquarie Infrastructure?

Macquarie Infrastructure announced a quarterly dividend on Tuesday, February 25th. Stockholders of record on Friday, March 6th will be given a dividend of $1.00 per share on Wednesday, March 11th. This represents a $4.00 annualized dividend and a dividend yield of 12.29%. The ex-dividend date is Thursday, March 5th.
View Macquarie Infrastructure's dividend history
.

What price target have analysts set for MIC?

7 analysts have issued 12 month price objectives for Macquarie Infrastructure's stock. Their forecasts range from $26.00 to $43.50. On average, they anticipate Macquarie Infrastructure's share price to reach $37.33 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price.
View analysts' price targets for Macquarie Infrastructure
.

Are investors shorting Macquarie Infrastructure?

Macquarie Infrastructure saw a increase in short interest in November. As of November 15th, there was short interest totaling 3,540,000 shares, an increase of 13.5% from the October 31st total of 3,120,000 shares. Based on an average trading volume of 740,800 shares, the days-to-cover ratio is presently 4.8 days.
View Macquarie Infrastructure's Short Interest
.

Who are some of Macquarie Infrastructure's key competitors?

What other stocks do shareholders of Macquarie Infrastructure own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Macquarie Infrastructure investors own include AT&T (T), Energy Transfer (ET), New Residential Investment (NRZ), Enterprise Products Partners (EPD), Verizon Communications (VZ), Cisco Systems (CSCO), Main Street Capital (MAIN), Omega Healthcare Investors (OHI), Johnson & Johnson (JNJ) and AbbVie (ABBV).

Who are Macquarie Infrastructure's key executives?

Macquarie Infrastructure's management team includes the following people:
  • Mr. Christopher Timothy Frost, Chief Exec. Officer (Age 51, Pay $2.72M)
  • Mr. Nicholas William O'Neil, Chief Financial Officer (Age 41)
  • Mr. Robert Choi CPA, Principal Accounting Officer
  • Mr. Jay Davis, VP & Head of Investor Relations (Age 61)
  • Mr. Michael Kernan, Gen. Counsel & Sec. (Age 61)
  • Mr. Richard D. Courtney, CEO & Pres of International-Matex Tank Terminals

What is Macquarie Infrastructure's stock symbol?

Macquarie Infrastructure trades on the New York Stock Exchange (NYSE) under the ticker symbol "MIC."

Who are Macquarie Infrastructure's major shareholders?

Macquarie Infrastructure's stock is owned by many different institutional and retail investors. Top institutional investors include Key Group Holdings Cayman LTD. (2.26%), Gabelli Funds LLC (1.70%), AQR Capital Management LLC (0.91%), AJO LP (0.79%), Assenagon Asset Management S.A. (0.77%) and Telemus Capital LLC (0.69%).
View institutional ownership trends for Macquarie Infrastructure
.

Which institutional investors are selling Macquarie Infrastructure stock?

MIC stock was sold by a variety of institutional investors in the last quarter, including Key Group Holdings Cayman LTD., Arrowstreet Capital Limited Partnership, Charles Schwab Investment Management Inc., MUFG Securities EMEA plc, Jet Capital Investors L P, Fishman Jay A Ltd. MI, Advisors Asset Management Inc., and Voss Capital LLC.
View insider buying and selling activity for Macquarie Infrastructure
.

Which institutional investors are buying Macquarie Infrastructure stock?

MIC stock was acquired by a variety of institutional investors in the last quarter, including AJO LP, Assenagon Asset Management S.A., Great West Life Assurance Co. Can, Great West Life Assurance Co. Can, Anqa Management LLC, AQR Capital Management LLC, Voloridge Investment Management LLC, and Schonfeld Strategic Advisors LLC.
View insider buying and selling activity for Macquarie Infrastructure
.

How do I buy shares of Macquarie Infrastructure?

Shares of MIC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Macquarie Infrastructure's stock price today?

One share of MIC stock can currently be purchased for approximately $32.56.

How big of a company is Macquarie Infrastructure?

Macquarie Infrastructure has a market capitalization of $2.84 billion and generates $1.73 billion in revenue each year. The conglomerate earns $156 million in net income (profit) each year or $4.70 on an earnings per share basis. Macquarie Infrastructure employs 1,999 workers across the globe.

What is Macquarie Infrastructure's official website?

The official website for Macquarie Infrastructure is www.macquarie.com.

How can I contact Macquarie Infrastructure?

Macquarie Infrastructure's mailing address is 125 WEST 55TH STREET, NEW YORK NY, 10019. The conglomerate can be reached via phone at 212-231-1000 or via email at [email protected]

This page was last updated on 12/1/2020 by MarketBeat.com Staff

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