Analysts’ Weekly Ratings Changes for Fortress Transprtn and Infr Investrs (FTAI)

A number of research firms have changed their ratings and price targets for Fortress Transprtn and Infr Investrs (NYSE: FTAI):

  • 12/4/2019 – Fortress Transprtn and Infr Investrs was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “
  • 12/2/2019 – Fortress Transprtn and Infr Investrs is now covered by analysts at BTIG Research. They set a “buy” rating and a $25.00 price target on the stock.
  • 11/28/2019 – Fortress Transprtn and Infr Investrs was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “
  • 11/26/2019 – Fortress Transprtn and Infr Investrs is now covered by analysts at B. Riley. They set a “buy” rating and a $23.00 price target on the stock.
  • 11/26/2019 – Fortress Transprtn and Infr Investrs is now covered by analysts at Stifel Nicolaus. They set a “buy” rating and a $22.00 price target on the stock.
  • 11/5/2019 – Fortress Transprtn and Infr Investrs was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

Shares of NYSE:FTAI opened at $18.90 on Tuesday. The firm has a market capitalization of $1.61 billion, a PE ratio of 171.82 and a beta of 1.12. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $16.95 and a two-hundred day moving average price of $15.67. Fortress Transprtn and Infr Investrs LLC has a twelve month low of $12.84 and a twelve month high of $19.00.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.09. The company had revenue of $162.20 million for the quarter, compared to analysts’ expectations of $162.98 million. Fortress Transprtn and Infr Investrs had a net margin of 6.97% and a return on equity of 3.62%. Fortress Transprtn and Infr Investrs’s revenue was up 60.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. Analysts anticipate that Fortress Transprtn and Infr Investrs LLC will post 0.51 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a dividend of $0.33 per share. This is a boost from Fortress Transprtn and Infr Investrs’s previous dividend of $0.15. The ex-dividend date of this dividend was Thursday, November 14th. Fortress Transprtn and Infr Investrs’s payout ratio is presently 1,200.00%.

In related news, Director Martin Tuchman bought 200,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $5,000,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Ironsides Asset Advisors LLC bought a new position in shares of Fortress Transprtn and Infr Investrs in the second quarter worth $313,000. Gamco Investors INC. ET AL increased its position in shares of Fortress Transprtn and Infr Investrs by 1.5% in the second quarter. Gamco Investors INC. ET AL now owns 59,725 shares of the financial services provider’s stock worth $902,000 after purchasing an additional 900 shares during the last quarter. Wells Fargo & Company MN increased 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 purchasing an additional 78,090 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in Fortress Transprtn and Infr Investrs in the second quarter valued at approximately $42,000. Finally, BB&T Securities LLC raised its stake in Fortress Transprtn and Infr Investrs by 3.5% in the second quarter. BB&T Securities LLC now owns 36,827 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 1,257 shares in the last quarter. 33.26% of the stock is owned by institutional investors and hedge funds.

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.

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