Analyst Rating Update on Macquarie Infrastructure Company (MIC)

Macquarie Infrastructure Company (NYSE:MIC) : 3 analysts are covering Macquarie Infrastructure Company (NYSE:MIC) and their average rating on the stock is 1, which is read as a Strong Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.

Macquarie Infrastructure Company (NYSE:MIC) : The highest short term price target forecast on Macquarie Infrastructure Company (NYSE:MIC) is $103 and the lowest target price is $81. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $94 with a standard deviation of $9.83.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Barclays assumes the rating on Macquarie Infrastructure Company (NYSE:MIC). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency maintains the price target to $81 per share. The rating by the firm was issued on April 12, 2016.

Macquarie Infrastructure Company (NYSE:MIC): stock turned positive on Tuesday. Though the stock opened at $70.43, the bulls momentum made the stock top out at $71.77 level for the day. The stock recorded a low of $70.09 and closed the trading day at $71.44, in the green by 2.54%. The total traded volume for the day was 888,670. The stock had closed at $69.67 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Carmany George W Iii, director of Macquarie Infrastructure Corp, had unloaded 10,000 shares at an average price of $76.92 in a transaction dated on December 2, 2015. The total value of the transaction was worth $769,200.

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 Companys 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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