Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Given Consensus Rating of “Buy” by Analysts

Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) has earned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and ten have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $25.10.

FTAI has been the topic of a number of recent analyst reports. B. Riley raised their price objective on Fortress Transportation and Infrastructure Investors from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Monday. Barclays raised their price objective on Fortress Transportation and Infrastructure Investors from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, February 1st. Raymond James raised their price objective on Fortress Transportation and Infrastructure Investors from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, February 10th. Stifel Nicolaus raised their price objective on Fortress Transportation and Infrastructure Investors from $19.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, December 4th. Finally, Zacks Investment Research downgraded Fortress Transportation and Infrastructure Investors from a “hold” rating to a “sell” rating in a research report on Friday, October 30th.

Shares of FTAI stock traded down $0.34 during trading on Thursday, reaching $26.13. The company had a trading volume of 3,137 shares, compared to its average volume of 498,932. The firm’s 50 day simple moving average is $24.00 and its two-hundred day simple moving average is $19.81. Fortress Transportation and Infrastructure Investors has a one year low of $3.69 and a one year high of $28.22. The company has a market capitalization of $2.24 billion, a PE ratio of 16.34 and a beta of 2.02.

Several hedge funds have recently bought and sold shares of FTAI. Manchester Financial Inc. acquired a new position in Fortress Transportation and Infrastructure Investors during the fourth quarter valued at approximately $38,000. International Assets Investment Management LLC bought a new position in shares of Fortress Transportation and Infrastructure Investors during the fourth quarter worth approximately $91,000. Vestmark Advisory Solutions Inc. bought a new position in Fortress Transportation and Infrastructure Investors during the 4th quarter worth $209,000. Northern Trust Corp bought a new position in Fortress Transportation and Infrastructure Investors during the 4th quarter worth $235,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Fortress Transportation and Infrastructure Investors by 9.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 20,491 shares of the financial services provider’s stock valued at $351,000 after purchasing an additional 1,741 shares in the last quarter. 52.27% of the stock is owned by institutional investors.

About Fortress Transportation and Infrastructure Investors

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 through three segments: Aviation Leasing, Jefferson Terminal, and Ports and Terminals.

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Analyst Recommendations for Fortress Transportation and Infrastructure Investors (NYSE:FTAI)

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