Jon Cartu Declare: Fortress Transportation and Infrastructure Investors LLC (N - Jonathan Cartu - Moving & Transportation Services
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Jon Cartu Declare: Fortress Transportation and Infrastructure Investors LLC (N

Fortress Transportation and Infrastructure Investors logo

Jon Cartu Declare: Fortress Transportation and Infrastructure Investors LLC (N

Shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) have received a consensus recommendation of “Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eleven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $22.78.

Several research analysts recently issued reports on FTAI shares. Raymond James increased their price target on shares of Fortress Transportation and Infrastructure Investors from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. Stifel Nicolaus raised their price objective on shares of Fortress Transportation and Infrastructure Investors from $19.00 to $25.00 and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research lowered shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “sell” rating in a report on Friday, October 30th. Compass Point began coverage on shares of Fortress Transportation and Infrastructure Investors in a report on Monday, October 19th. They set a “buy” rating and a $25.00 price objective for the company. Finally, ValuEngine raised shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “buy” rating in a report on Friday, October 23rd.

Institutional investors and hedge funds have recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 66.7% during the second quarter. Rosenberg Matthew Hamilton now owns 8,158 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 3,263 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 9.3% during the third quarter. Envestnet Asset Management Inc. now owns 20,491 shares of the financial services provider’s stock valued at $351,000 after acquiring an additional 1,741 shares during the period. Principal Street Partners LLC lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 88.3% during the second quarter. Principal Street Partners LLC now owns 22,390 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 10,500 shares during the period. Comerica Bank lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 53.3% during the third quarter. Comerica Bank now owns 28,750 shares of the financial services provider’s stock valued at $524,000 after acquiring an additional 10,000 shares during the period. Finally, Brasada Capital Management LP lifted its stake in shares of Fortress Transportation and Infrastructure Investors by 4.1% during the third quarter. Brasada Capital Management LP now owns 35,400 shares of the financial services provider’s stock valued at $606,000 after acquiring an additional 1,400 shares during the period. 49.80% of the stock is currently owned by institutional investors and hedge funds.

NYSE:FTAI opened at $23.05 on Friday. Fortress Transportation and Infrastructure Investors has a 12-month low of $3.69 and a 12-month high of $23.12. The firm has a market capitalization of $1.97 billion, a PE ratio of 14.23 and a beta of 1.90. The firm has a 50-day moving average price of $18.27 and a 200 day moving average price of $15.38.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.17). Fortress Transportation and Infrastructure Investors had a negative return on equity of 1.28% and a net margin of 31.23%. The business had revenue of $83.71 million during the quarter, compared to analyst estimates of $96.19 million. During the same period last year, the company earned $0.29 EPS. The business’s revenue for the quarter was down 45.2% on a year-over-year basis. Equities research analysts expect that Fortress Transportation and Infrastructure Investors will post -0.52 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 30th. Stockholders of record on Monday, November 16th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.73%. The ex-dividend date was Friday, November 13th. Fortress Transportation and Infrastructure Investors’s dividend payout ratio (DPR) is presently 235.71%.

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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