Brokerages Set Radius Global Infrastructure, Inc. (NASDAQ:RADI) Price Target at $15.40

Posted by Defense World Staff on May 23rd, 2023

Radius Global Infrastructure, Inc. (NASDAQ:RADI – Get Rating) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $15.40.

RADI has been the topic of several research analyst reports. Credit Suisse Group cut Radius Global Infrastructure from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $15.00 in a research note on Friday, March 3rd. Jefferies Financial Group lowered shares of Radius Global Infrastructure from a “buy” rating to a “hold” rating and upped their price objective for the company from $14.00 to $15.00 in a research note on Monday, March 6th. Finally, Raymond James lowered shares of Radius Global Infrastructure from a “strong-buy” rating to an “underperform” rating in a research note on Friday, March 3rd.

Institutional Trading of Radius Global Infrastructure

A number of institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. acquired a new stake in shares of Radius Global Infrastructure in the 1st quarter valued at $1,765,000. JPMorgan Chase & Co. raised its holdings in Radius Global Infrastructure by 41.5% during the first quarter. JPMorgan Chase & Co. now owns 1,055,650 shares of the company’s stock valued at $15,487,000 after buying an additional 309,615 shares in the last quarter. Trium Capital LLP acquired a new stake in shares of Radius Global Infrastructure in the first quarter worth about $1,107,000. State Street Corp boosted its stake in shares of Radius Global Infrastructure by 2.7% during the 1st quarter. State Street Corp now owns 1,704,069 shares of the company’s stock worth $24,999,000 after acquiring an additional 45,315 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Radius Global Infrastructure during the 1st quarter valued at about $385,000. 94.50% of the stock is currently owned by institutional investors and hedge funds.

Radius Global Infrastructure Trading Up 0.1 %

Radius Global Infrastructure stock opened at $14.76 on Friday. Radius Global Infrastructure has a 52 week low of $7.97 and a 52 week high of $16.52. The company has a debt-to-equity ratio of 2.33, a quick ratio of 2.84 and a current ratio of 2.84. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -9.58 and a beta of 1.64. The company has a 50 day moving average price of $14.66 and a 200 day moving average price of $13.18.

Radius Global Infrastructure (NASDAQ:RADI – Get Rating) last issued its earnings results on Wednesday, March 1st. The company reported ($1.09) EPS for the quarter. The business had revenue of $36.99 million during the quarter, compared to analyst estimates of $34.26 million. Radius Global Infrastructure had a negative return on equity of 11.97% and a negative net margin of 69.98%. Research analysts forecast that Radius Global Infrastructure will post 0.15 EPS for the current year.

Radius Global Infrastructure Company Profile

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Radius Global Infrastructure, Inc, together with its subsidiaries, engages in the acquisition and rental of telecom real property interests and contractual rights. The company leases wireless towers or antennae, and other communications infrastructure. As of December 31, 2021, it had interests in 8,506 leases situated on 8,186 communications sites located in the United States and 19 other countries.