FTAI Infrastructure Inc. (NASDAQ:FIP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of FTAI Infrastructure Inc. (NASDAQ:FIP) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $9.95.

A number of brokerages have recently commented on FIP. Jefferies Financial Group set a $10.00 price target on FTAI Infrastructure in a research report on Tuesday. Citizens Jmp started coverage on FTAI Infrastructure in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 price objective for the company. BTIG Research restated a “buy” rating and issued a $9.00 price objective on shares of FTAI Infrastructure in a research note on Monday. Citigroup reaffirmed a “market outperform” rating on shares of FTAI Infrastructure in a report on Tuesday. Finally, Wall Street Zen lowered shares of FTAI Infrastructure from a “sell” rating to a “strong sell” rating in a research report on Monday, July 20th.

Trending Headlines about FTAI Infrastructure

Here are the key news stories impacting FTAI Infrastructure this week:

• Positive Sentiment: FTAI Energy Partners, FIP’s Jefferson subsidiary, agreed to acquire the Port Arthur Terminal in Texas and a 50% interest in Alberta’s Diluent Recovery Unit from USD Group for approximately $255 million. The assets are expected to generate about $50 million of annual EBITDA, potentially more than doubling Jefferson’s existing adjusted EBITDA. GlobeNewswire acquisition announcement
• Positive Sentiment: The acquired infrastructure is supported by a long-term take-or-pay contract with minimum volume commitments from an investment-grade counterparty. This could provide more predictable revenue and cash flow while expanding Jefferson’s crude-oil logistics platform and Gulf Coast customer base. RTTNews acquisition report
• Positive Sentiment: BTIG Research reaffirmed a “buy” rating with a $9.00 price target, while JonesTrading maintained its “buy” rating and set an $8.75 target. These targets imply substantial potential upside from the referenced $2.89 share price, signaling continued analyst confidence in FIP’s long-term value. JonesTrading rating report

FTAI Infrastructure Price Performance

FIP opened at $2.89 on Tuesday. The company’s 50-day moving average is $3.67 and its 200 day moving average is $4.45. FTAI Infrastructure has a fifty-two week low of $2.77 and a fifty-two week high of $6.69. The firm has a market capitalization of $341.54 million, a P/E ratio of -0.56 and a beta of 1.79.

FTAI Infrastructure (NASDAQ:FIP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($1.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.81). The business had revenue of $186.77 million for the quarter, compared to the consensus estimate of $186.08 million. FTAI Infrastructure had a negative return on equity of 147.01% and a negative net margin of 74.10%.

FTAI Infrastructure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.12 annualized dividend and a yield of 4.2%. FTAI Infrastructure’s dividend payout ratio (DPR) is -2.31%.

Institutional Investors Weigh In On FTAI Infrastructure

Several institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in shares of FTAI Infrastructure by 10.3% in the second quarter. Wellington Management Group LLP now owns 13,490,351 shares of the company’s stock worth $62,595,000 after acquiring an additional 1,259,468 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of FTAI Infrastructure during the 2nd quarter valued at $8,591,000. Pingora Partners LLC lifted its holdings in FTAI Infrastructure by 3.1% during the 4th quarter. Pingora Partners LLC now owns 1,770,103 shares of the company’s stock worth $8,160,000 after purchasing an additional 53,930 shares in the last quarter. Lazard Asset Management LLC boosted its stake in FTAI Infrastructure by 38.0% in the 1st quarter. Lazard Asset Management LLC now owns 467,149 shares of the company’s stock worth $2,308,000 after purchasing an additional 128,598 shares during the period. Finally, Doheny Asset Management CA grew its holdings in FTAI Infrastructure by 4.6% during the 4th quarter. Doheny Asset Management CA now owns 460,900 shares of the company’s stock valued at $2,125,000 after buying an additional 20,300 shares in the last quarter. Hedge funds and other institutional investors own 87.43% of the company’s stock.

About FTAI Infrastructure

FTAI Infrastructure Inc owns and operates critical infrastructure assets that support the transportation and energy sectors. The company focuses on businesses that provide essential services to industrial, commercial and governmental customers, including rail transportation, port and terminal operations, and power generation.

Its portfolio includes Transtar, a provider of industrial rail transportation and related services, as well as energy and logistics infrastructure such as the Jefferson Energy Companies terminal in Georgia, the Repauno Port and Rail Terminal in New Jersey, and the Long Ridge Energy Terminal and power-generation complex in Ohio.