Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Receives Average Rating of “Buy” from Analysts

Shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) have been given an average rating of “Buy” by the nine analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $32.33.

FTAI has been the subject of several recent research reports. Zacks Investment Research lowered shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 14th. BTIG Research reiterated a “buy” rating and set a $39.00 target price on shares of Fortress Transportation and Infrastructure Investors in a research note on Friday, October 29th. Finally, Barclays initiated coverage on shares of Fortress Transportation and Infrastructure Investors in a research note on Monday, September 20th. They set an “overweight” rating and a $31.00 target price for the company.

Shares of NYSE:FTAI traded up $0.03 during midday trading on Friday, reaching $24.35. The company had a trading volume of 321,802 shares, compared to its average volume of 538,550. The stock’s fifty day moving average price is $25.64 and its 200-day moving average price is $28.06. The stock has a market capitalization of $2.09 billion, a P/E ratio of -12.42 and a beta of 1.87. Fortress Transportation and Infrastructure Investors has a one year low of $20.31 and a one year high of $34.79.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its quarterly earnings results on Thursday, October 28th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.47). Fortress Transportation and Infrastructure Investors had a negative return on equity of 10.11% and a negative net margin of 39.63%. The company had revenue of $135.96 million during the quarter, compared to the consensus estimate of $136.31 million. During the same quarter last year, the firm posted ($0.25) EPS. The firm’s quarterly revenue was up 62.4% on a year-over-year basis. As a group, equities analysts anticipate that Fortress Transportation and Infrastructure Investors will post -0.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 29th. Stockholders of record on Monday, November 15th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, November 12th. This represents a $1.32 annualized dividend and a dividend yield of 5.42%. Fortress Transportation and Infrastructure Investors’s dividend payout ratio is currently -67.35%.

In other news, Director Martin Tuchman purchased 100,000 shares of the stock in a transaction dated Tuesday, September 14th. The stock was acquired at an average price of $25.50 per share, for a total transaction of $2,550,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley grew its position in shares of Fortress Transportation and Infrastructure Investors by 63.3% during the third quarter. Morgan Stanley now owns 6,971,046 shares of the financial services provider’s stock worth $176,925,000 after acquiring an additional 2,701,192 shares during the last quarter. Bank of America Corp DE lifted its holdings in Fortress Transportation and Infrastructure Investors by 51.2% in the second quarter. Bank of America Corp DE now owns 3,931,144 shares of the financial services provider’s stock worth $131,890,000 after purchasing an additional 1,330,637 shares during the period. Hood River Capital Management LLC lifted its holdings in Fortress Transportation and Infrastructure Investors by 25.0% in the third quarter. Hood River Capital Management LLC now owns 3,266,832 shares of the financial services provider’s stock worth $82,912,000 after purchasing an additional 652,955 shares during the period. American Assets Capital Advisers LLC lifted its holdings in Fortress Transportation and Infrastructure Investors by 15.8% in the third quarter. American Assets Capital Advisers LLC now owns 2,786,333 shares of the financial services provider’s stock worth $70,717,000 after purchasing an additional 380,037 shares during the period. Finally, Barclays PLC lifted its holdings in Fortress Transportation and Infrastructure Investors by 18.2% in the third quarter. Barclays PLC now owns 2,434,375 shares of the financial services provider’s stock worth $61,784,000 after purchasing an additional 374,575 shares during the period. Institutional investors and hedge funds own 68.14% of the company’s stock.

About Fortress Transportation and Infrastructure Investors

Fortress Transportation & Infrastructure Investors LLC engages in acquiring, managing and disposing of transportation and transportation-related infrastructure and equipment assets. It operates through the following segments: Aviation Leasing, Jefferson Terminal, and Ports and Terminals. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease and are typically held long-term.

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

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