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.

Many analysts weighed in on price targets for MIC. The maximum price target given was 100, implying a possible profit of 31.25 percent. The lowest price target was 83, which equates to a potential downside of 8.94 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

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, which can be compared to the 2 analysts that decreased their estimates. 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. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. 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. The current market price is above the trailing year's low by 4.03 percent, 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 market cap of MIC is $6.29 billion. MIC will post this quarters earnings in days, on 0000-00-00.