Fortress Transportation and Infrastructure Investors LLC (FTAI) Upgraded to Strong-Buy by BidaskClub

BidaskClub upgraded shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday, October 18th.

A number of other research firms have also commented on FTAI. Zacks Investment Research lowered Fortress Transportation and Infrastructure Investors from a hold rating to a sell rating in a research report on Tuesday, July 18th. TheStreet raised Fortress Transportation and Infrastructure Investors from a c rating to a b- rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $18.25.

Shares of Fortress Transportation and Infrastructure Investors (NYSE:FTAI) opened at 18.28 on Wednesday. Fortress Transportation and Infrastructure Investors has a 1-year low of $11.35 and a 1-year high of $18.54. The company’s 50-day moving average price is $17.88 and its 200 day moving average price is $16.65. The firm’s market cap is $1.38 billion.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $51.20 million for the quarter, compared to the consensus estimate of $52.36 million. Fortress Transportation and Infrastructure Investors had a negative net margin of 4.98% and a positive return on equity of 0.27%. The company’s revenue for the quarter was up 54.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) EPS. On average, analysts predict that Fortress Transportation and Infrastructure Investors will post $0.18 EPS for the current year.

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Large investors have recently made changes to their positions in the company. BB&T Securities LLC purchased a new stake in shares of Fortress Transportation and Infrastructure Investors in the 2nd quarter worth approximately $166,000. First Allied Advisory Services Inc. grew its stake in shares of Fortress Transportation and Infrastructure Investors by 1.6% in the 2nd quarter. First Allied Advisory Services Inc. now owns 11,449 shares of the financial services provider’s stock worth $184,000 after buying an additional 175 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of Fortress Transportation and Infrastructure Investors in the 2nd quarter worth approximately $216,000. California Public Employees Retirement System purchased a new stake in shares of Fortress Transportation and Infrastructure Investors in the 1st quarter worth approximately $228,000. Finally, Gamco Investors INC. ET AL grew its stake in shares of Fortress Transportation and Infrastructure Investors by 47.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 15,550 shares of the financial services provider’s stock worth $248,000 after buying an additional 5,000 shares during the last quarter. 26.20% of the stock is owned by hedge funds and other institutional investors.

About Fortress Transportation and Infrastructure Investors

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The Company operates through five segments Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad.

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