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 most optimistic price target was 100, implying potential capital gains of 31.25 percent. The minimum price target given was 83, implying potential capital losses of 8.94 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -6.77 percent. The average change in earnings estimates over the last 90 days is -4.89 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -7.21 percent. If we look at the last 90 days instead, we find a net average change of -2.88 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, 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.

The growth rate of MIC's earnings is estimated by analysts to be 16.23 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of MIC is 2.33.

MIC has a 52-week high of 85.45 and a 52-week low of 73.24. Today's price is 4.03 percent above the 52-week low, and 10.84 percent lower than its 52-week high. MIC has a price/earnings 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.