Macquarie Infrastructure Corporation trades as part of the industrials sector and transportation and logistics industry. The company CEO is Christopher Frost. Macquarie Infrastructure Corp is a infrastructure company which owns, operates, and invests in a diversified group of infrastructure businesses. Its business activities include airport refueling, automobile parking, water cooling, and gas distribution.

Previous Intraday Performance:

The MIC shares had a previous change of 2.41% which opened at 39.95 and closed at 40.72. It moved to an intraday high of 40.75 and a low of 39.82.

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Historical Performance:

Over the last five trading days, MIC shares returned 1.27% and in the past 30 trading days it returned 3.07%. Over three months, it changed 3.32%. In one year it has changed 14.89% and within that year its 52 week high was 47.74 and its 52 week low was 33.71. MIC stock is 20.80% above its 52 week low.

Our calculations result in a 200 day moving average of 39.81 and a 50 day moving average of 40.51. Right now, MIC stock is trading 2.28% above its 200 day moving average and may be a good opportunity to buy.

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The company has a market cap of $3.5b with 86.0m shares outstanding and a float of 85.4m shares. Trading volume was 687,032 shares and has experienced an average volume of 633,639 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is good.


The last annual reported EPS for Macquarie Infrastructure Corporation was 1.6 which ended on 31st of December 2018, which according to the previous close, that is a PE of 25.45. Based on 1 analyst estimate, the estimated EPS for the next quarter is 1.12. The trailing twelve month EPS reported is 2.07 (trailing twelve month diluted EPS is 1.48).

Below was the last reported quarterly diluted earnings per share:

1st Qtr 2019 Reported 05-01-2019: 0.79
4th Qtr 2018 Reported 02-20-2019: -0.01
3rd Qtr 2018 Reported 10-31-2018: 0.25
2nd Qtr 2018 Reported 08-01-2018: 0.45
1st Qtr 2018 Reported 05-02-2018: 0.91

Base on our calculations, the intrinsic value per share is 61.15, which means it might be undervalued and has a margin of safety of 33.41%.

The growth of the EPS is critical in understanding the current valuation of Macquarie Infrastructure Corporation; the EPS growth rate, as it is typically called, is usually expressed as a percentage, which at this time is hard to estimate, but revenue growth has been 5.90% over the last twelve months.

Indicators Also to Watch:

Based on the latest filings, there is 96.90% of institutional ownership. Short-interest was 2,740,833, which was 3.19% of shares outstanding. The short-interest ratio or days-to-cover ratio was 3.99. This stock has some short interest, but it might be normal and no need to worry if long the position.

The beta was calculated to be 1.43.

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Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 1.63%, profit margin is 6.69%, price-to-sales is 1.96 and price-to-book is 1.16.

Company Score Card:

Results are out of six:
 3  : Growth Expectations Result
 1  : Financial Safety Result
 1  : Past Performance Result
 1  : Valuation Result
 2  : Dividend Safety Result
 1  : Overall Result

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I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).


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