Citizens Jmp Has Lowered Expectations for FTAI Infrastructure (NASDAQ:FIP) Stock Price

FTAI Infrastructure (NASDAQ:FIP) had its price objective reduced by investment analysts at Citizens Jmp from $12.00 to $10.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market outperform” rating on the stock. Citizens Jmp’s target price suggests a potential upside of 126.45% from the stock’s current price.

Several other research firms have also weighed in on FIP. Wall Street Zen upgraded shares of FTAI Infrastructure from a “strong sell” rating to a “sell” rating in a report on Sunday. Weiss Ratings restated a “sell (e+)” rating on shares of FTAI Infrastructure in a report on Friday, June 12th. JonesTrading initiated coverage on shares of FTAI Infrastructure in a research report on Wednesday, July 1st. They set a “buy” rating and a $8.75 price target on the stock. Compass Point set a $12.00 price objective on FTAI Infrastructure in a report on Tuesday, June 30th. Finally, BTIG Research lowered their price objective on FTAI Infrastructure from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, FTAI Infrastructure has an average rating of “Moderate Buy” and an average target price of $9.94.

FTAI Infrastructure Stock Down 1.0%

NASDAQ FIP opened at $4.42 on Wednesday. The business’s fifty day simple moving average is $4.59 and its 200-day simple moving average is $5.20. The firm has a market cap of $521.79 million, a PE ratio of -0.99 and a beta of 1.76. FTAI Infrastructure has a 52 week low of $3.90 and a 52 week high of $7.93.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.90). FTAI Infrastructure had a negative net margin of 68.58% and a negative return on equity of 147.01%. The firm had revenue of $188.36 million during the quarter, compared to analysts’ expectations of $182.41 million. FTAI Infrastructure’s quarterly revenue was up 95.8% compared to the same quarter last year.

Insider Transactions at FTAI Infrastructure

In other news, CFO Carl Russell Iv Fletcher purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were bought at an average cost of $4.58 per share, for a total transaction of $45,800.00. Following the completion of the purchase, the chief financial officer directly owned 40,000 shares of the company’s stock, valued at approximately $183,200. This trade represents a 33.33% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.17% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FTAI Infrastructure

A number of institutional investors have recently modified their holdings of FIP. AQR Capital Management LLC increased its position in shares of FTAI Infrastructure by 2.8% during the fourth quarter. AQR Capital Management LLC now owns 70,436 shares of the company’s stock worth $325,000 after acquiring an additional 1,920 shares during the period. Merit Financial Group LLC boosted its holdings in FTAI Infrastructure by 21.3% in the fourth quarter. Merit Financial Group LLC now owns 15,858 shares of the company’s stock valued at $73,000 after purchasing an additional 2,787 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in FTAI Infrastructure by 9.9% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,171 shares of the company’s stock valued at $145,000 after purchasing an additional 2,979 shares during the period. Bank of America Corp DE grew its stake in FTAI Infrastructure by 1.7% during the 1st quarter. Bank of America Corp DE now owns 281,015 shares of the company’s stock worth $1,388,000 after purchasing an additional 4,810 shares in the last quarter. Finally, American Trust grew its stake in FTAI Infrastructure by 45.5% during the 3rd quarter. American Trust now owns 16,415 shares of the company’s stock worth $72,000 after purchasing an additional 5,135 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

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.