FTAI Infrastructure (NASDAQ:FIP - Get Free Report)'s stock had its "market outperform" rating reissued by stock analysts at JMP Securities in a report released on Tuesday,Benzinga reports. They presently have a $12.00 target price on the stock. JMP Securities' target price suggests a potential upside of 244.83% from the stock's current price.
FTAI Infrastructure Stock Down 2.5 %
FTAI Infrastructure stock opened at $3.48 on Tuesday. The firm's 50 day moving average price is $4.83 and its two-hundred day moving average price is $6.95. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. FTAI Infrastructure has a twelve month low of $3.10 and a twelve month high of $10.46. The firm has a market cap of $396.52 million, a PE ratio of -1.76 and a beta of 1.69.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of FTAI Infrastructure in the third quarter valued at about $34,000. Morey & Quinn Wealth Partners LLC acquired a new stake in shares of FTAI Infrastructure during the 4th quarter worth approximately $84,000. Castellan Group bought a new stake in shares of FTAI Infrastructure during the fourth quarter valued at approximately $96,000. Proficio Capital Partners LLC acquired a new stake in FTAI Infrastructure during the fourth quarter worth $97,000. Finally, Hills Bank & Trust Co acquired a new position in shares of FTAI Infrastructure in the 4th quarter valued at $103,000. Institutional investors and hedge funds own 87.43% of the company's stock.
About FTAI Infrastructure
(
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FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.
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