Macquarie Infrastructure Company (NYSE:MIC) has been given a consensus rating of “Hold” by the six brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $89.33.

MIC has been the topic of several research analyst reports. BidaskClub cut shares of Macquarie Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Macquarie Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Finally, Barclays PLC cut shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and decreased their price objective for the stock from $89.00 to $83.00 in a research report on Tuesday, July 18th.

Several hedge funds have recently bought and sold shares of the stock. World Asset Management Inc increased its position in shares of Macquarie Infrastructure by 0.3% in the second quarter. World Asset Management Inc now owns 2,736 shares of the conglomerate’s stock worth $215,000 after purchasing an additional 9 shares during the last quarter. US Bancorp DE increased its position in shares of Macquarie Infrastructure by 1.0% in the second quarter. US Bancorp DE now owns 2,693 shares of the conglomerate’s stock worth $211,000 after purchasing an additional 26 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Macquarie Infrastructure by 0.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,107 shares of the conglomerate’s stock worth $573,000 after purchasing an additional 41 shares during the last quarter. Comerica Bank increased its position in shares of Macquarie Infrastructure by 2.0% in the second quarter. Comerica Bank now owns 3,158 shares of the conglomerate’s stock worth $240,000 after purchasing an additional 63 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Macquarie Infrastructure by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 18,124 shares of the conglomerate’s stock worth $1,421,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 80.53% of the company’s stock.

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Macquarie Infrastructure (NYSE MIC) traded up 0.66% during trading on Friday, reaching $73.74. 547,034 shares of the company’s stock traded hands. Macquarie Infrastructure has a 52-week low of $71.23 and a 52-week high of $85.45. The stock has a market cap of $6.10 billion, a price-to-earnings ratio of 35.45 and a beta of 0.87. The company’s 50 day moving average is $73.69 and its 200-day moving average is $77.23.

Macquarie Infrastructure (NYSE:MIC) last announced its quarterly earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.26). Macquarie Infrastructure had a return on equity of 5.71% and a net margin of 10.12%. The firm had revenue of $438.99 million during the quarter, compared to analysts’ expectations of $416.50 million. On average, analysts anticipate that Macquarie Infrastructure will post $1.92 earnings per share for the current fiscal year.

About Macquarie Infrastructure

Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The Company operates through four segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. Its group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.

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