NEW YORK, October 22, 2021--Macquarie Infrastructure Holdings, LLC ("MIC" or the "Company") (NYSE: MIC) today announced the results of its offer to repurchase for cash (the "Offer to Repurchase") any and all of its 2.00% Convertible Senior Notes due 2023 (the "Notes").What are analysts' target prices for Macquarie Infrastructure's shares?
3 Wall Street analysts have issued 12-month target prices for Macquarie Infrastructure's shares. Their forecasts range from $41.00 to $50.00. On average, they expect Macquarie Infrastructure's share price to reach $44.50 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.Should you hold Macquarie Infrastructure (mic) stock?
There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Macquarie Infrastructure stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MIC, but not buy additional shares or sell existing shares.What is the conversion ratio for Macquarie Infrastructure's senior notes?
NEW YORK, October 12, 2021--Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the "Company") announced an adjustment to the conversion ratio applicable to its 2.00% Convertible Senior Notes due 2023. The conversion ratio for the Notes increased to 162.9223 units per $1,000 of principal amount. The increase is effective October 8, 2021.