Macquarie Infrastructure Corp (NYSE:MIC) has been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $48.25.

A number of equities research analysts recently weighed in on the stock. Barclays set a €45.00 ($52.33) target price on shares of Zalando and gave the company a “buy” rating in a research note on Tuesday, April 16th. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 485 ($6.34) target price on shares of in a research note on Tuesday, July 9th. Finally, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

Several hedge funds have recently bought and sold shares of the business. Budros Ruhlin & Roe Inc. raised its stake in shares of Macquarie Infrastructure by 2.5% during the first quarter. Budros Ruhlin & Roe Inc. now owns 10,858 shares of the conglomerate’s stock worth $448,000 after acquiring an additional 268 shares in the last quarter. Patten Group Inc. grew its holdings in shares of Macquarie Infrastructure by 1.6% in the first quarter. Patten Group Inc. now owns 20,419 shares of the conglomerate’s stock worth $842,000 after purchasing an additional 325 shares during the last quarter. Ridgewood Investments LLC grew its holdings in shares of Macquarie Infrastructure by 3.5% in the second quarter. Ridgewood Investments LLC now owns 9,843 shares of the conglomerate’s stock worth $399,000 after purchasing an additional 333 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Macquarie Infrastructure by 0.3% in the first quarter. California State Teachers Retirement System now owns 128,766 shares of the conglomerate’s stock worth $5,308,000 after purchasing an additional 359 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in shares of Macquarie Infrastructure by 3.6% in the first quarter. Cullen Frost Bankers Inc. now owns 10,494 shares of the conglomerate’s stock worth $433,000 after purchasing an additional 368 shares during the last quarter. 73.15% of the stock is currently owned by hedge funds and other institutional investors.

MIC traded up $0.05 during trading on Tuesday, hitting $41.75. 263,643 shares of the company traded hands, compared to its average volume of 345,793. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 19.69 and a beta of 1.36. The firm’s fifty day moving average price is $40.92. The company has a current ratio of 1.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.95. Macquarie Infrastructure has a one year low of $33.71 and a one year high of $47.74.

Macquarie Infrastructure (NYSE:MIC) last issued its earnings results on Wednesday, May 1st. The conglomerate reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.18. The firm had revenue of $482.00 million during the quarter, compared to analyst estimates of $488.00 million. Macquarie Infrastructure had a net margin of 6.93% and a return on equity of 8.18%. On average, research analysts anticipate that Macquarie Infrastructure will post 4.8 earnings per share for the current fiscal year.

About Macquarie Infrastructure

Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada.

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