FTAI Infrastructure (NASDAQ:FIP) Price Target Raised to $10.00

FTAI Infrastructure (NASDAQ:FIP) had its price target lifted by BTIG Research from $9.00 to $10.00 in a report published on Friday,Benzinga reports. BTIG Research currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of FTAI Infrastructure from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $11.00.

FTAI Infrastructure Stock Up 4.5%

Shares of NASDAQ FIP opened at $5.34 on Friday. The company has a debt-to-equity ratio of 13.30, a quick ratio of 1.49 and a current ratio of 1.49. FTAI Infrastructure has a 52 week low of $3.10 and a 52 week high of $9.80. The stock has a market capitalization of $614.58 million, a P/E ratio of -2.17 and a beta of 1.84. The stock’s fifty day moving average is $4.93 and its 200 day moving average is $5.39.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings results on Thursday, October 30th. The company reported ($1.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.59) by ($0.79). FTAI Infrastructure had a negative return on equity of 58.12% and a negative net margin of 41.09%.The company had revenue of $140.56 million during the quarter, compared to the consensus estimate of $146.37 million.

FTAI Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Friday, November 14th. FTAI Infrastructure’s payout ratio is -4.88%.

Insider Buying and Selling at FTAI Infrastructure

In other news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of FTAI Infrastructure stock in a transaction dated Thursday, August 21st. The shares were bought at an average cost of $4.48 per share, for a total transaction of $44,800.00. Following the completion of the acquisition, the chief financial officer owned 30,000 shares in the company, valued at approximately $134,400. This trade represents a 50.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.17% of the company’s stock.

Institutional Trading of FTAI Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC bought a new stake in shares of FTAI Infrastructure during the second quarter worth about $41,000. Optas LLC acquired a new stake in FTAI Infrastructure during the 3rd quarter valued at approximately $44,000. Lazard Asset Management LLC acquired a new stake in FTAI Infrastructure during the 2nd quarter valued at approximately $55,000. Acropolis Investment Management LLC acquired a new stake in FTAI Infrastructure during the 2nd quarter valued at approximately $62,000. Finally, Bessemer Group Inc. increased its position in FTAI Infrastructure by 14,492.8% during the 2nd quarter. Bessemer Group Inc. now owns 10,069 shares of the company’s stock valued at $62,000 after purchasing an additional 10,000 shares during the period. 87.43% of the stock is currently owned by institutional investors.

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.