FTAI Infrastructure Inc. ( NASDAQ:FIP – Get Free Report )’s share price passed above its fifty day moving average during trading on Thursday following a better than expected earnings announcement. The stock has a fifty day moving average of $2.89 and traded as high as $3.15. FTAI Infrastructure shares last traded at $2.94, with a volume of 2,598,016 shares trading hands.
The company reported ($1.27) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.72). The business had revenue of $218.97 million for the quarter, compared to analysts’ expectations of $195.03 million.
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Analyst Ratings Changes
FIP has been the topic of several research analyst reports. JonesTrading reissued a “buy” rating and issued a $8.75 price objective on shares of FTAI Infrastructure in a research report on Monday, September 28th. Citizens Jmp began coverage on FTAI Infrastructure in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $10.00 price objective for the company. Jefferies Financial Group set a $10.00 target price on FTAI Infrastructure in a research report on Tuesday, September 29th. Wall Street Zen downgraded shar...