SunTrust Robinson analyst Tristan Richardson reiterated a Hold rating on Macquarie Infrastructure Company (MIC) today and set a price target of $42. The company’s shares opened today at $40.
According to TipRanks.com, Richardson is ranked #3378 out of 5194 analysts.
Macquarie Infrastructure Company has an analyst consensus of Moderate Buy, with a price target consensus of $44.25, a 10.6% upside from current levels. In a report released yesterday, RBC Capital also downgraded the stock to Hold with a $41 price target.
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Macquarie Infrastructure Company’s market cap is currently $3.39B and has a P/E ratio of 7.33. The company has a Price to Book ratio of 1.12.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MIC in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Macquarie Infrastructure Corp. engages in the ownership, operation and growth of portfolio of infrastructure and infrastructure-like businesses with the aim of producing an attractive risk. It operates through the following business segments: International-Matex Tank Terminals (IMTT), Atlantic Aviation, Contracted Power (CP), and MIC Hawaii.
