Macquarie Infrastructure Company Upgraded to Neutral at Macquarie (MIC)
Macquarie Infrastructure Company (NYSE:MIC) was upgraded by equities research analysts at Macquarie from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday. The firm currently has a $54.90 target price on the stock. Macquarie’s price objective suggests a potential downside of 9.21% from the company’s current price.
Macquarie Infrastructure Company (NYSE:MIC) traded up 0.38% on Wednesday, hitting $60.47. 58,226 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. and its 200-day moving average is $55.36. The company has a market cap of $3.417 billion and a price-to-earnings ratio of 70.54.
Macquarie Infrastructure Company (NYSE:MIC) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.36 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.36. Analysts expect that Macquarie Infrastructure Company will post $1.26 EPS 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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