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

Equities research analysts at BTIG Research initiated coverage on shares of FTAI Infrastructure (NASDAQ:FIP) in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage set a “buy” rating and a $10.00 price target on the stock. BTIG Research’s target price would indicate 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. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 3.25. FTAI Infrastructure has a twelve month low of $2.64 and a twelve month high of $7.16. The company has a market cap of $678.27 million, a price-to-earnings ratio of -3.71 and a beta of 1.51. The company’s 50 day moving average is $5.59 and its 200 day moving average is $4.34.

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

Hedge Funds Weigh In On FTAI Infrastructure

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in FTAI Infrastructure by 1.1% during the third quarter. Vanguard Group Inc. now owns 5,299,036 shares of the company’s stock valued at $17,063,000 after buying an additional 57,133 shares during the last quarter. Barclays PLC raised its holdings in FTAI Infrastructure by 53.2% in the 3rd quarter. Barclays PLC now owns 47,720 shares of the company’s stock worth $153,000 after purchasing an additional 16,564 shares during the period. Jump Financial LLC purchased a new position in FTAI Infrastructure during the third quarter valued at $46,000. SG Americas Securities LLC grew its holdings in FTAI Infrastructure by 25.6% during the fourth quarter. SG Americas Securities LLC now owns 54,262 shares of the company’s stock valued at $211,000 after purchasing an additional 11,051 shares during the period. Finally, Pathstone Family Office LLC purchased a new stake in FTAI Infrastructure in the third quarter worth about $173,000. 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.