Macquarie Infrastructure Company Rating Increased to Neutral at Macquarie (MIC)
Macquarie Infrastructure Company (NYSE:MIC) was upgraded by Macquarie from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday. The firm currently has a $57.50 price target on the stock. Macquarie’s target price would suggest a potential downside of 4.23% from the stock’s previous close.
Macquarie Infrastructure Company (NYSE:MIC) traded down 0.40% on Tuesday, hitting $60.04. 199,601 shares of the company’s stock traded hands. Macquarie Infrastructure Company has a 52 week low of $50.01 and a 52 week high of $60.70. The stock’s 50-day moving average is $57.6 and its 200-day moving average is $55.25. The company has a market cap of $3.393 billion and a price-to-earnings ratio of 70.59.
Macquarie Infrastructure Company (NYSE:MIC) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.36 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.36. On average, analysts predict that Macquarie Infrastructure Company will post $1.26 earnings per share for the current fiscal year.
Macquarie Infrastructure Company LLC (NYSE:MIC) owns, operates and invests in a diversified group of infrastructure businesses in the United States.
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