SunTrust Robinson Humphrey Initiates Coverage On Macquarie Infrastructure Corp to Buy with Price Target $96

SunTrust Robinson Humphrey Initiates Coverage On Macquarie Infrastructure Corp(MIC). In a research note issued to the investors, the brokerage major Announces the price-target to $96 per share. The shares have been rated Buy. The rating by the stock financial advisor at SunTrust Robinson Humphrey was issued on Mar 21, 2017 in a research report to their Investors and Clients.

Macquarie Infrastructure Corp (MIC) made into the market gainers list on Fridays trading session with the shares advancing 0.29% or 0.23 points. Due to strong positive momentum, the stock ended at $79.63, which is also near the day’s high of $80.2. The stock began the session at $79.55 and the volume stood at 3,64,132 shares. The 52-week high of the shares is $85.45 and the 52 week low is $62.82. The company has a current market capitalization of $6,540 M and it has 8,21,25,367 shares in outstanding.

Macquarie Infrastructure Corp(MIC) last announced its earnings results on Feb 21, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $437.241M. Analysts had an estimated revenue of $397.690M. Earnings per share were $0.89. Analysts had estimated an EPS of $0.53.

Several Insider Transactions has been reported to the SEC. On Feb 3, 2017, Infrastructure Manag Macquarie (director) sold 23,500 shares at $74.15 per share price.Also, On Feb 3, 2017, Jay Davis (Vice President) purchased 1,000 shares at $74.15 per share price.On Feb 3, 2017, Martin Stanley (director) purchased 4,000 shares at $74.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Macquarie Infrastructure Company LLC owns operates and invests in a group of infrastructure businesses that provide basic services to businesses and individuals primarily in the United States. The Company’s operational segments include International-Matex Tank Terminals (IMTT) engaged in bulk liquid terminals business which provides bulk liquid storage handling and other services at 10 marine terminals in the United States and two in Canada; Atlantic Aviation which includes a network of aviation fixed-base operations (FBOs) that provide fuel terminal aircraft hangaring and other services primarily to owners and operators of general aviation (GA) aircraft at 69 airports in the United States; Contracted Power and Energy (CP&E) which is engaged in selling energy generated by their facilities to creditworthy off-takers and Hawaii Gas a gas energy company processing and distributing gas and providing related services in Hawaii.

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