Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Receives $21.33 Consensus PT from Analysts

Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) has received a consensus rating of “Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $22.25.

Several analysts have recently issued reports on the company. B. Riley began coverage on Fortress Transprtn and Infr Investrs in a research report on Tuesday, November 26th. They issued a “buy” rating and a $23.00 price objective on the stock. BTIG Research assumed coverage on Fortress Transprtn and Infr Investrs in a research report on Monday. They set a “buy” rating and a $25.00 price objective for the company. Stifel Nicolaus initiated coverage on shares of Fortress Transprtn and Infr Investrs in a research note on Tuesday, November 26th. They issued a “buy” rating and a $22.00 target price for the company. Finally, Zacks Investment Research lowered shares of Fortress Transprtn and Infr Investrs from a “hold” rating to a “strong sell” rating in a report on Thursday, November 28th.

In other Fortress Transprtn and Infr Investrs news, Director Martin Tuchman purchased 200,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $5,000,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders acquired a total of 235,400 shares of company stock valued at $5,908,431 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTAI. Northern Right Capital Management L.P. grew its holdings in Fortress Transprtn and Infr Investrs by 28.3% in the 2nd quarter. Northern Right Capital Management L.P. now owns 63,390 shares of the financial services provider’s stock valued at $957,000 after buying an additional 14,000 shares during the period. Wells Fargo & Company MN boosted its position in shares of Fortress Transprtn and Infr Investrs by 21.0% in the second quarter. Wells Fargo & Company MN now owns 449,545 shares of the financial services provider’s stock worth $6,788,000 after acquiring an additional 78,090 shares during the last quarter. Advisors Capital Management LLC boosted its position in shares of Fortress Transprtn and Infr Investrs by 2.1% in the second quarter. Advisors Capital Management LLC now owns 160,261 shares of the financial services provider’s stock worth $2,420,000 after acquiring an additional 3,234 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in shares of Fortress Transprtn and Infr Investrs in the third quarter worth approximately $4,103,000. Finally, JNBA Financial Advisors grew its holdings in Fortress Transprtn and Infr Investrs by 52.1% in the third quarter. JNBA Financial Advisors now owns 7,300 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 2,500 shares during the period. Hedge funds and other institutional investors own 33.26% of the company’s stock.

FTAI stock traded up $0.37 on Tuesday, reaching $18.25. The company had a trading volume of 358,223 shares, compared to its average volume of 170,176. Fortress Transprtn and Infr Investrs has a 1 year low of $12.84 and a 1 year high of $18.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.12 and a current ratio of 0.12. The company’s fifty day moving average is $16.54 and its 200 day moving average is $15.58. The company has a market cap of $1.53 billion, a P/E ratio of 165.91 and a beta of 1.12.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.09. Fortress Transprtn and Infr Investrs had a return on equity of 3.62% and a net margin of 6.97%. The company had revenue of $162.20 million during the quarter, compared to the consensus estimate of $162.98 million. During the same quarter last year, the business posted $0.08 earnings per share. Fortress Transprtn and Infr Investrs’s revenue was up 60.3% compared to the same quarter last year. On average, sell-side analysts predict that Fortress Transprtn and Infr Investrs will post 0.5 earnings per share for the current year.

The company also recently announced a dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, November 14th. This is a positive change from Fortress Transprtn and Infr Investrs’s previous dividend of $0.15. Fortress Transprtn and Infr Investrs’s dividend payout ratio (DPR) is 1,200.00%.

Fortress Transprtn and Infr Investrs Company Profile

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people in Africa, Asia, Europe, North America, and South America. It operates in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

See Also: Buy-Side Analysts

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