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.

A number of analysts gave price targets for MIC. The highest price target was 100, implying potential capital gains of 31.25 percent. The most pessimistic analyst gave a price target of 83, which equates to a potential downside of 8.94 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates downwards for this quarter, by about -6.77 percent on average, compared to last month. That number becomes -4.89 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -7.21 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.88 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 1 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of MIC to grow at a rate of 16.23 percent. 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. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. MIC has a PEG ratio of 2.33.

In the trailing 52-weeks, MIC hit 85.45 at the highest peak, while it's lowest trading point was 73.24. Currently the stock is 4.03 percent higher than its low, 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 market cap of MIC is $6.29 billion. MIC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.