Macquarie Infrastructure Company (NYSE:MIC) – Equities research analysts at SunTrust Banks lifted their FY2017 earnings per share estimates for Macquarie Infrastructure Company in a research note issued on Friday. SunTrust Banks analyst T. Richardson now forecasts that the conglomerate will post earnings of $2.35 per share for the year, up from their prior forecast of $2.34. SunTrust Banks currently has a “Buy” rating and a $92.00 price objective on the stock.

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Several other equities research analysts have also recently weighed in on MIC. BidaskClub cut shares of Macquarie Infrastructure Company from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Macquarie Infrastructure Company from a “sell” rating to a “hold” rating in a research report on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $91.75.

Macquarie Infrastructure Company (MIC) opened at 77.68 on Monday. Macquarie Infrastructure Company has a 12 month low of $73.24 and a 12 month high of $85.45. The company has a market capitalization of $6.40 billion, a PE ratio of 38.76 and a beta of 0.93. The stock’s 50 day moving average is $77.92 and its 200-day moving average is $79.38.

A number of large investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Macquarie Infrastructure Company by 2.2% in the first quarter. Bank of Montreal Can now owns 194,928 shares of the conglomerate’s stock worth $15,707,000 after buying an additional 4,271 shares during the last quarter. GW&K Investment Management LLC boosted its stake in Macquarie Infrastructure Company by 4.5% in the first quarter. GW&K Investment Management LLC now owns 500,986 shares of the conglomerate’s stock worth $40,369,000 after buying an additional 21,584 shares during the last quarter. Berson & Corrado Investment Advisors LLC boosted its stake in Macquarie Infrastructure Company by 2.9% in the first quarter. Berson & Corrado Investment Advisors LLC now owns 56,270 shares of the conglomerate’s stock worth $4,534,000 after buying an additional 1,605 shares during the last quarter. Raymond James Trust N.A. bought a new stake in Macquarie Infrastructure Company during the first quarter worth approximately $218,000. Finally, Denali Advisors LLC bought a new stake in Macquarie Infrastructure Company during the first quarter worth approximately $564,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

Macquarie Infrastructure Company 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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