Analyst Ratings for Macquarie Infrastructure Corp. (MIC)

Updated: 2017-07-26

Analysts covering Macquarie Infrastructure Corp. (NYSE:MIC) have given it a consensus rating of Buy. About 30 days ago, MIC was issued an average rating of Buy.

8 analysts issued ratings on the stock, where 7 gave MIC a buy rating, 0 gave an overweight rating, 1 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Investment analysts gave a few price targets for MIC. The most optimistic analyst gave a price target of 100, which equates to a potential upside of 31.25 percent. The most pessimistic price target was 83, implying a possible loss of 8.94 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -6.77 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -4.89 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -7.21 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -2.88 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.

MIC has an estimated earnings growth rate of 16.23 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MIC is 2.33.

In the last 52-weeks, MIC has achieved a high of 85.45 and a low of 73.24. The current market price is above the trailing year's low by 4.03 percent, and 10.84 percent below the high. MIC has a P/E ratio of 37.74. Investors typically compare the P/E ratio to a company's peers in the industry. The MIC value stock report compares MIC to some of its peers using value stock charts. The stock has a market capitalization of $6.29 billion. MIC's next earnings release will be on 0000-00-00, which is days away.