RBC Capital analyst T J Schultz maintained a Hold rating on Macquarie Infrastructure Company (NYSE:MIC) on Friday, setting a price target of $44, which is approximately 18.50% above the present share price of $37.13.
J Schultz expects Macquarie Infrastructure Company to post earnings per share (EPS) of -$10.26 for the fourth quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Macquarie Infrastructure Company, with an average price target of $42.67.
The analysts price targets range from a high of $50 to a low of $34.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $202 million and a net profit of $21 million. The company's market cap is $3.24 billion.
According to TipRanks.com, RBC Capital analyst T J Schultz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.2% and a 61.30% success rate.
Macquarie Infrastructure Corp. owns and operates a diversified group of businesses providing basic services to customers in the U. S. It operates through the following business segments: Bulk Liquid Terminals Business, International-Matex Tank Terminals (IMTT), Atlantic Aviation and MIC Hawaii. The IMTT segment provides bulk liquid terminalling to third parties in the U.S. and Canada. The Atlantic Aviation segment provides airport services. The MIC Hawaii segment comprises energy services, production and distribution. The company was founded on April 13, 2004 and is headquartered in New York, NY.