Impact of Brokerage Rating on Macquarie Infrastructure Company(MIC)

Many Macquarie Infrastructure Company(MIC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Macquarie Infrastructure Corp was Resumed by Wells Fargo to Outperform on Nov 18, 2016.

Company has reported several Insider transactions to the SEC, on Feb 3, 2017, Infrastructure Manag Macquarie (director) sold 23,500 shares at 74.15 per share price.On Feb 3, 2017, Jay Davis (Vice President) purchased 1,000 shares at 74.15 per share price.On Feb 3, 2017, Martin Stanley (director) purchased 4,000 shares at 74.15 per share price.

Macquarie Infrastructure Corp Last issued its quarterly earnings results on Nov 2, 2015. The company reported $0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.23. Analyst had a consensus of $0.36. The company had revenue of $415.71 million for the quarter, compared to analysts expectations of $428.12 million. The companys revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.87 EPS.

Macquarie Infrastructure Company (NYSE:MIC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.2 by 5 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.

Macquarie Infrastructure Company (NYSE:MIC) should head towards $93 per share according to 4 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $81 per share. The higher price estimate target is at $100 according to the Analysts.

Macquarie Infrastructure Company (NYSE:MIC) witnessed a decline in the market cap on Tuesday as its shares dropped 1.38% or 1.1 points. After the session commenced at $79.26, the stock reached the higher end at $79.32 while it hit a low of $76.91. With the volume soaring to 713,067 shares, the last trade was called at $78.63. The company has a 52-week high of $85.45. The company has a market cap of $6,435 million and there are 81,834,348 shares in outstanding. The 52-week low of the share price is $55.58.

Macquarie owns, operate and invests in a diversified group of infrastructure businesses, which provide basic, everyday services, in the United States and other developed countries. Its initial businesses and investments consist of an airport services business (Atlantic and AvPorts), an airport parking business (PCAA and Avistar) and a district energy business (Thermal Chicago and Northwind Aladdin), a UK regulated water utility and in Macquarie Communications Infrastructure Group.


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