BTIG Research Begins Coverage on FTAI Infrastructure (NASDAQ:FIP)

Equities researchers at BTIG Research began coverage on shares of FTAI Infrastructure (NASDAQ:FIP) in a research report issued to clients and investors on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $10.00 price target on the stock. BTIG Research’s price objective suggests a potential upside of 49.93% from the company’s previous close.

FTAI Infrastructure Stock Up 1.5 %

Shares of FTAI Infrastructure stock opened at $6.67 on Thursday. FTAI Infrastructure has a 1 year low of $2.64 and a 1 year high of $7.16. The company has a debt-to-equity ratio of 3.25, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $678.27 million, a price-to-earnings ratio of -3.71 and a beta of 1.51. The firm’s 50-day moving average is $5.59 and its two-hundred day moving average is $4.34.

FTAI Infrastructure (NASDAQ:FIP) last released its quarterly earnings data on Thursday, February 29th. The company reported ($0.47) earnings per share (EPS) for the quarter. The business had revenue of $81.44 million for the quarter. FTAI Infrastructure had a negative net margin of 48.71% and a negative return on equity of 32.27%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FIP. International Assets Investment Management LLC purchased a new stake in shares of FTAI Infrastructure during the 4th quarter valued at $25,000. Allspring Global Investments Holdings LLC purchased a new stake in FTAI Infrastructure in the third quarter valued at about $28,000. Ameritas Investment Partners Inc. acquired a new stake in FTAI Infrastructure in the second quarter worth about $30,000. Victory Capital Management Inc. purchased a new stake in shares of FTAI Infrastructure during the fourth quarter worth about $33,000. Finally, Quadrature Capital Ltd acquired a new position in shares of FTAI Infrastructure during the fourth quarter valued at about $39,000. Institutional investors 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.