Fortress Transportation and Infrastructure Investors LLC (FTAI) Cut to Buy at BidaskClub

BidaskClub cut shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning.

FTAI has been the subject of several other research reports. Zacks Investment Research upgraded Fortress Transportation and Infrastructure Investors from a strong sell rating to a hold rating in a report on Wednesday, July 12th. TheStreet upgraded Fortress Transportation and Infrastructure Investors from a c rating to a b- rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. Fortress Transportation and Infrastructure Investors currently has an average rating of Buy and a consensus price target of $18.25.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.04). The firm 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 positive return on equity of 0.27% and a negative net margin of 4.98%. Fortress Transportation and Infrastructure Investors’s revenue for the quarter was up 54.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) EPS.

TRADEMARK VIOLATION WARNING: This report was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this report on another domain, it was copied illegally and reposted in violation of international trademark & copyright laws. The correct version of this report can be read at https://www.truebluetribune.com/2017/10/13/fortress-transportation-and-infrastructure-investors-llc-ftai-cut-to-buy-at-bidaskclub.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Allied Advisory Services Inc. grew its holdings 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 valued at $184,000 after acquiring an additional 175 shares in the last quarter. Falcon Point Capital LLC grew its holdings in shares of Fortress Transportation and Infrastructure Investors by 0.4% in the 2nd quarter. Falcon Point Capital LLC now owns 255,388 shares of the financial services provider’s stock valued at $4,071,000 after acquiring an additional 921 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Fortress Transportation and Infrastructure Investors by 5.2% in the 1st quarter. Stifel Financial Corp now owns 20,300 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 1,000 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Fortress Transportation and Infrastructure Investors by 4.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 32,915 shares of the financial services provider’s stock valued at $525,000 after acquiring an additional 1,393 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in shares of Fortress Transportation and Infrastructure Investors by 1.8% in the 2nd quarter. Whittier Trust Co. now owns 110,348 shares of the financial services provider’s stock valued at $1,759,000 after acquiring an additional 1,967 shares in the last quarter. Institutional investors own 26.19% of the company’s stock.

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.

Receive News & Ratings for Fortress Transportation and Infrastructure Investors LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortress Transportation and Infrastructure Investors LLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply