FTAI Infrastructure (NASDAQ:FIP) Coverage Initiated at JMP Securities

Investment analysts at JMP Securities started coverage on shares of FTAI Infrastructure (NASDAQ:FIP) in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage set a “market outperform” rating and a $11.00 price target on the stock. JMP Securities’ price target would suggest a potential upside of 27.91% from the company’s current price.

Separately, BTIG Research boosted their price target on FTAI Infrastructure from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, June 6th.

FTAI Infrastructure Stock Down 1.0 %

Shares of NASDAQ:FIP opened at $8.60 on Wednesday. FTAI Infrastructure has a 52-week low of $2.84 and a 52-week high of $9.25. The company has a fifty day moving average of $7.91 and a 200-day moving average of $5.90. The company has a debt-to-equity ratio of 3.95, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market capitalization of $874.53 million, a PE ratio of -4.39 and a beta of 1.35.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.54) earnings per share (EPS) for the quarter. FTAI Infrastructure had a negative return on equity of 37.21% and a negative net margin of 49.44%. The company had revenue of $82.54 million for the quarter.

Institutional Investors Weigh In On FTAI Infrastructure

A number of hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of FTAI Infrastructure during the fourth quarter worth about $25,000. Quadrature Capital Ltd bought a new stake in FTAI Infrastructure during the 4th quarter worth approximately $39,000. Cantor Fitzgerald Investment Advisors L.P. purchased a new stake in shares of FTAI Infrastructure in the fourth quarter worth approximately $41,000. Merit Financial Group LLC bought a new position in shares of FTAI Infrastructure in the fourth quarter valued at approximately $48,000. Finally, Victory Capital Management Inc. boosted its position in shares of FTAI Infrastructure by 23.2% during the fourth quarter. Victory Capital Management Inc. now owns 13,200 shares of the company’s stock valued at $51,000 after buying an additional 2,490 shares during the last quarter. Institutional investors and hedge funds own 87.43% of the company’s stock.

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.