BTIG Research Reiterates Buy Rating for FTAI Infrastructure (NASDAQ:FIP)

FTAI Infrastructure (NASDAQ:FIP)‘s stock had its “buy” rating reiterated by BTIG Research in a research note issued on Friday,Benzinga reports. They presently have a $10.00 price objective on the stock. BTIG Research’s price objective would indicate a potential upside of 55.28% from the company’s previous close.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of FTAI Infrastructure in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.00.

FTAI Infrastructure Stock Up 0.6%

FIP stock opened at $6.44 on Friday. FTAI Infrastructure has a fifty-two week low of $3.10 and a fifty-two week high of $7.93. The stock has a fifty day moving average of $5.57 and a 200-day moving average of $5.08. The company has a market capitalization of $748.91 million, a price-to-earnings ratio of -2.62 and a beta of 1.86. The company has a debt-to-equity ratio of 110.28, a quick ratio of 0.25 and a current ratio of 0.25.

FTAI Infrastructure (NASDAQ:FIP) last posted its earnings results on Thursday, February 26th. The company reported ($1.08) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.65). The business had revenue of $143.52 million during the quarter, compared to analysts’ expectations of $169.16 million. FTAI Infrastructure had a negative return on equity of 75.13% and a negative net margin of 41.09%.

Hedge Funds Weigh In On FTAI Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of FIP. Larson Financial Group LLC raised its position in shares of FTAI Infrastructure by 6,941.7% during the 4th quarter. Larson Financial Group LLC now owns 8,098 shares of the company’s stock valued at $37,000 after buying an additional 7,983 shares in the last quarter. Russell Investments Group Ltd. increased its stake in FTAI Infrastructure by 12,129.3% in the third quarter. Russell Investments Group Ltd. now owns 9,172 shares of the company’s stock valued at $40,000 after acquiring an additional 9,097 shares during the last quarter. Optas LLC purchased a new stake in FTAI Infrastructure during the third quarter valued at about $44,000. GSA Capital Partners LLP bought a new stake in FTAI Infrastructure during the third quarter worth about $46,000. Finally, Xponance LLC purchased a new position in shares of FTAI Infrastructure in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 87.43% of the company’s stock.

About FTAI Infrastructure

FTAI Infrastructure Ltd (NASDAQ: FIP) is a closed-end investment company that acquires and manages infrastructure assets offering stable, long-term cash flows. The company targets core and core-plus infrastructure sectors with contracted or regulated revenue streams, aiming to deliver attractive risk-adjusted returns for its shareholders. FTAI Infrastructure’s portfolio is diversified across multiple sub-sectors, geographies and counterparties to manage risk and capture growth opportunities in global infrastructure markets.

The company focuses on three primary investment categories: communications infrastructure, transport and logistics infrastructure, and utility infrastructure.