Macquarie Infrastructure Company (NYSE:MIC) Buy Rating Reaffirmed Today By RBC Capital; The Target Price Given is $93.0



August 21, 2017 – By Peter Erickson

Investors sentiment increased to 1.49 in Q4 2016. Its up 0.17, from 1.32 in 2016Q3. It improved, as 29 investors sold Macquarie Infrastructure Corp shares while 101 reduced holdings. 81 funds opened positions while 113 raised stakes. 66.63 million shares or 0.41% less from 66.90 million shares in 2016Q3 were reported.

Principal reported 2.46M shares. New Mountain Vantage Advisers Lc has 610,666 shares for 3.19% of their portfolio. Morgan Stanley has invested 0.06% in Macquarie Infrastructure Corp (NYSE:MIC). Duncker Streett Co has 3,895 shares for 0.11% of their portfolio. Millennium Mngmt Limited Liability Company stated it has 0.02% in Macquarie Infrastructure Corp (NYSE:MIC). Prudential Fincl has 2,870 shares for 0% of their portfolio. Daiwa Securities Gp stated it has 300 shares or 0% of all its holdings. Berson Corrado Invest Advsrs invested in 54,665 shares. Jacobus Wealth holds 2,165 shares. Comerica Comml Bank reported 3,322 shares or 0% of all its holdings. Tudor Inv Et Al holds 0.03% in Macquarie Infrastructure Corp (NYSE:MIC) or 12,118 shares. Blackrock Japan Ltd owns 92,262 shares for 0.02% of their portfolio. Wilbanks Smith & Thomas Asset Management Limited Liability Corporation reported 0.33% in Macquarie Infrastructure Corp (NYSE:MIC). Silver Cap Mngmt Ltd Limited Liability Company invested 5.36% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 29,120 shares or 0.02% of the stock.

Macquarie Infrastructure Company (NYSE:MIC) Rating Reaffirmed

Macquarie Infrastructure Company (NYSE:MIC) just had their share rating of a ‘Buy’ issued by research analysts at RBC Capital, who now has a $93.0 TP on the $5.96 billion market cap company or a 29.04 % upside potential. This key information was revealed to investors in analysts note on Sunday morning.

Investors sentiment increased to 1.49 in Q4 2016. Its up 0.17, from 1.32 in 2016Q3. It improved, as 29 investors sold Macquarie Infrastructure Corp shares while 101 reduced holdings. 81 funds opened positions while 113 raised stakes. 66.63 million shares or 0.41% less from 66.90 million shares in 2016Q3 were reported.

Principal reported 2.46M shares. New Mountain Vantage Advisers Lc has 610,666 shares for 3.19% of their portfolio. Morgan Stanley has invested 0.06% in Macquarie Infrastructure Corp (NYSE:MIC). Duncker Streett Co has 3,895 shares for 0.11% of their portfolio. Millennium Mngmt Limited Liability Company stated it has 0.02% in Macquarie Infrastructure Corp (NYSE:MIC). Prudential Fincl has 2,870 shares for 0% of their portfolio. Daiwa Securities Gp stated it has 300 shares or 0% of all its holdings. Berson Corrado Invest Advsrs invested in 54,665 shares. Jacobus Wealth holds 2,165 shares. Comerica Comml Bank reported 3,322 shares or 0% of all its holdings. Tudor Inv Et Al holds 0.03% in Macquarie Infrastructure Corp (NYSE:MIC) or 12,118 shares. Blackrock Japan Ltd owns 92,262 shares for 0.02% of their portfolio. Wilbanks Smith & Thomas Asset Management Limited Liability Corporation reported 0.33% in Macquarie Infrastructure Corp (NYSE:MIC). Silver Cap Mngmt Ltd Limited Liability Company invested 5.36% of its portfolio in Macquarie Infrastructure Corp (NYSE:MIC). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 29,120 shares or 0.02% of the stock.

Macquarie Infrastructure Corp (NYSE:MIC) Ratings Coverage

Among 7 analysts covering MacQuarie Infrastructure (NYSE:MIC), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. MacQuarie Infrastructure has $108 highest and $89 lowest target. $93.33’s average target is 29.50% above currents $72.07 stock price. MacQuarie Infrastructure had 14 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Macquarie Infrastructure Corp (NYSE:MIC) earned “Outperform” rating by Wells Fargo on Friday, November 18. RBC Capital Markets maintained it with “Outperform” rating and $93 target in Thursday, February 23 report. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 4 report. Barclays Capital maintained it with “Overweight” rating and $89 target in Thursday, February 23 report. The stock of Macquarie Infrastructure Corp (NYSE:MIC) has “Buy” rating given on Tuesday, March 21 by Suntrust Robinson. RBC Capital Markets maintained the shares of MIC in report on Sunday, August 20 with “Buy” rating. JP Morgan maintained Macquarie Infrastructure Corp (NYSE:MIC) on Thursday, March 24 with “Overweight” rating. As per Wednesday, November 2, the company rating was maintained by RBC Capital Markets. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, August 5. Barclays Capital downgraded Macquarie Infrastructure Corp (NYSE:MIC) on Tuesday, July 18 to “Equal-Weight” rating.

About 155,253 shares traded. Macquarie Infrastructure Corp (NYSE:MIC) has risen 11.18% since August 21, 2016 and is uptrending. It has underperformed by 5.52% the S&P500.

Macquarie Infrastructure Corporation owns and operates a group of businesses that provide services, such as bulk liquid terminalling and handling services. The company has market cap of $5.96 billion. The Firm operates through four divisions: International-Matex Tank Terminals , Atlantic Aviation, Contracted Power (CP) and MIC Hawaii. It has a 33.99 P/E ratio. The Company’s group of businesses also provides services, such as aircraft fueling, CP generation and utility gas services.

More important recent Macquarie Infrastructure Corp (NYSE:MIC) news were published by: Reuters.com which released: “BRIEF-Macquarie Infrastructure Corp increases 2017 growth capital deployment …” on June 27, 2017, also Twst.com published article titled: “Macquarie Infrastructure Corp.: Atlantic Aviation Enters Into Agreement to …”, Seekingalpha.com published: “Macquarie Infrastructure’s (MIC) CEO James Hooke on Q2 2017 Results – Earnings …” on August 03, 2017. More interesting news about Macquarie Infrastructure Corp (NYSE:MIC) was released by: Nasdaq.com and their article: “Macquarie Infrastructure (MIC) Passes Through 7% Yield Mark” with publication date: July 27, 2017.

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