Macquarie Infrastructure (MIC) Rating Lowered to Sell at ValuEngine

ValuEngine cut shares of Macquarie Infrastructure (NYSE:MIC) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Macquarie Infrastructure from a hold rating to a buy rating and set a $45.00 price target for the company in a research report on Tuesday, January 8th. Royal Bank of Canada restated an average rating and issued a $47.00 price target on shares of Macquarie Infrastructure in a research report on Tuesday, January 15th. Finally, Barclays set a $42.00 price target on Macquarie Infrastructure and gave the stock a hold rating in a research report on Wednesday, January 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Macquarie Infrastructure presently has an average rating of Hold and an average target price of $47.17.

NYSE MIC opened at $40.53 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.60 billion, a PE ratio of 20.23 and a beta of 1.59. Macquarie Infrastructure has a one year low of $33.71 and a one year high of $47.74.

Macquarie Infrastructure (NYSE:MIC) last posted its earnings results on Wednesday, February 20th. The conglomerate reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.09). The firm had revenue of $437.76 million for the quarter, compared to the consensus estimate of $453.40 million. Macquarie Infrastructure had a net margin of 7.22% and a return on equity of 5.57%. On average, sell-side analysts expect that Macquarie Infrastructure will post 4.78 EPS for the current year.

In other Macquarie Infrastructure news, major shareholder Group Ltd Macquarie bought 1,000 shares of Macquarie Infrastructure stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $40.61 per share, for a total transaction of $40,610.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. 10 15 Associates Inc. increased its stake in Macquarie Infrastructure by 2.2% in the fourth quarter. 10 15 Associates Inc. now owns 13,645 shares of the conglomerate’s stock worth $499,000 after purchasing an additional 290 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in Macquarie Infrastructure by 63.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 770 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 299 shares during the period. Quad Cities Investment Group LLC increased its stake in Macquarie Infrastructure by 128.0% in the first quarter. Quad Cities Investment Group LLC now owns 684 shares of the conglomerate’s stock worth $28,000 after purchasing an additional 384 shares during the period. Investors Asset Management of Georgia Inc. GA ADV increased its stake in Macquarie Infrastructure by 4.2% in the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 11,130 shares of the conglomerate’s stock worth $407,000 after purchasing an additional 450 shares during the period. Finally, Cerebellum GP LLC purchased a new stake in Macquarie Infrastructure in the fourth quarter worth $27,000. Institutional investors and hedge funds own 76.47% of the company’s stock.

About Macquarie Infrastructure

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. 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, 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.

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Analyst Recommendations for Macquarie Infrastructure (NYSE:MIC)

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