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 highest price target was 100, which equates to a potential upside of 31.25 percent. The lowest price target was 83, implying potential capital losses 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.

Analysts have revised their earnings estimates downwards for this quarter, by about -6.77 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -4.89 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -7.21 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.88 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 2 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.

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, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers 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. Currently the stock is 4.03 percent higher than its low, and below the high by 10.84 percent. 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.