Oppenheimer analyst Ian Zaffino maintained a Buy rating on Macquarie Infrastructure Company (MIC) yesterday. The company’s shares closed yesterday at $42.22.
According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 3.7% and a 55.7% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Wyndham Hotels & Resorts Inc, and Wyndham Destinations Inc.
Macquarie Infrastructure Company has an analyst consensus of Hold, with a price target consensus of $42.
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Based on Macquarie Infrastructure Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $482 million and net profit of $70 million. In comparison, last year the company had a net profit of $76.83 million.
Based on the recent corporate insider activity of 64 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.
