Macquarie Infrastructure Company (NYSE:MIC) has earned a consensus recommendation of “Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $88.00.

MIC has been the subject of several analyst reports. Zacks Investment Research raised shares of Macquarie Infrastructure from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday, July 18th. BidaskClub raised shares of Macquarie Infrastructure from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Barclays PLC cut shares of Macquarie Infrastructure from an “overweight” rating to a “hold” rating and decreased their target price for the company from $89.00 to $83.00 in a research note on Tuesday, July 18th.

Several large investors have recently added to or reduced their stakes in the stock. Trellus Management Company LLC grew its stake in shares of Macquarie Infrastructure by 34.8% in the third quarter. Trellus Management Company LLC now owns 20,000 shares of the conglomerate’s stock valued at $1,444,000 after buying an additional 5,160 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Macquarie Infrastructure during the third quarter worth $14,683,000. Orinda Asset Management LLC boosted its position in Macquarie Infrastructure by 50.0% during the third quarter. Orinda Asset Management LLC now owns 30,000 shares of the conglomerate’s stock worth $2,165,000 after purchasing an additional 10,000 shares during the period. Sit Investment Associates Inc. boosted its position in Macquarie Infrastructure by 8.2% during the third quarter. Sit Investment Associates Inc. now owns 239,645 shares of the conglomerate’s stock worth $17,298,000 after purchasing an additional 18,110 shares during the period. Finally, Intl Fcstone Inc. bought a new position in Macquarie Infrastructure during the second quarter worth $1,032,000. 80.53% of the stock is owned by institutional investors and hedge funds.

Macquarie Infrastructure (NYSE MIC) traded down 3.16% during mid-day trading on Wednesday, hitting $68.64. 1,188,668 shares of the company traded hands. The company’s 50-day moving average is $72.92 and its 200-day moving average is $76.25. Macquarie Infrastructure has a one year low of $68.49 and a one year high of $85.45. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 33.00 and a beta of 0.88.

Macquarie Infrastructure (NYSE:MIC) last released its earnings results on Wednesday, August 2nd. The conglomerate reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.26). Macquarie Infrastructure had a net margin of 10.12% and a return on equity of 5.71%. The firm had revenue of $438.99 million during the quarter, compared to the consensus estimate of $416.50 million. Analysts predict that Macquarie Infrastructure will post $1.86 EPS for the current year.

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Macquarie Infrastructure Company Profile

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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