BTIG Research Begins Coverage on FTAI Infrastructure (NASDAQ:FIP)

Investment analysts at BTIG Research assumed coverage on shares of FTAI Infrastructure (NASDAQ:FIP) in a note issued to investors on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $10.00 price target on the stock. BTIG Research’s price objective indicates a potential upside of 52.67% from the stock’s current price.

FTAI Infrastructure Price Performance

Shares of NASDAQ:FIP opened at $6.55 on Thursday. The firm has a fifty day moving average price of $5.51 and a 200 day moving average price of $4.30. The company has a debt-to-equity ratio of 3.25, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $666.07 million, a price-to-earnings ratio of -3.64 and a beta of 1.51. FTAI Infrastructure has a fifty-two week low of $2.64 and a fifty-two week high of $7.16.

FTAI Infrastructure (NASDAQ:FIP) last announced its quarterly earnings results on Thursday, February 29th. The company reported ($0.47) earnings per share for the quarter. The firm had revenue of $81.44 million for the quarter. FTAI Infrastructure had a negative net margin of 48.71% and a negative return on equity of 32.27%.

Institutional Trading of FTAI Infrastructure

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of FTAI Infrastructure during the fourth quarter worth approximately $25,000. Ameritas Investment Partners Inc. purchased a new position in FTAI Infrastructure in the second quarter valued at approximately $30,000. Allspring Global Investments Holdings LLC purchased a new position in FTAI Infrastructure in the third quarter valued at approximately $28,000. Quadrature Capital Ltd purchased a new position in FTAI Infrastructure in the fourth quarter valued at approximately $39,000. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new position in FTAI Infrastructure in the fourth quarter valued at approximately $41,000. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

About FTAI Infrastructure

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.