Shares of Macquarie Infrastructure Corp (NYSE:MIC) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $48.33.

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

A number of institutional investors have recently added to or reduced their stakes in MIC. Martingale Asset Management L P grew its position in Macquarie Infrastructure by 7,403.6% in the first quarter. Martingale Asset Management L P now owns 495,760 shares of the conglomerate’s stock valued at $20,437,000 after acquiring an additional 489,153 shares during the last quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund bought a new position in Macquarie Infrastructure in the fourth quarter valued at about $9,041,000. Norges Bank bought a new position in Macquarie Infrastructure in the fourth quarter valued at about $6,273,000. Macquarie Group Ltd. grew its position in Macquarie Infrastructure by 1.4% in the fourth quarter. Macquarie Group Ltd. now owns 12,506,903 shares of the conglomerate’s stock valued at $457,252,000 after acquiring an additional 167,991 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Macquarie Infrastructure by 89.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 231,255 shares of the conglomerate’s stock valued at $8,455,000 after acquiring an additional 109,366 shares during the last quarter. Hedge funds and other institutional investors own 73.86% of the company’s stock.

MIC stock traded up $0.10 during midday trading on Friday, reaching $41.94. The company had a trading volume of 8,967 shares, compared to its average volume of 409,971. The stock has a market capitalization of $3.60 billion, a P/E ratio of 19.78 and a beta of 1.35. The company’s 50 day simple moving average is $40.57. Macquarie Infrastructure has a 1-year low of $33.71 and a 1-year high of $47.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.67 and a quick ratio of 1.64.

Macquarie Infrastructure (NYSE:MIC) last posted its quarterly earnings results on Wednesday, May 1st. The conglomerate reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.18. The business had revenue of $482.00 million during the quarter, compared to the consensus estimate of $488.00 million. Macquarie Infrastructure had a return on equity of 8.18% and a net margin of 6.93%. Research analysts anticipate that Macquarie Infrastructure will post 4.8 EPS for the current 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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Analyst Recommendations for Macquarie Infrastructure (NYSE:MIC)

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