Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

A number of other equities research analysts have also recently issued reports on FTAI. Zacks Investment Research raised shares of Fortress Transportation and Infrastructure Investors from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. TheStreet raised shares of Fortress Transportation and Infrastructure Investors from a “c” rating to a “b-” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $17.83.

Shares of Fortress Transportation and Infrastructure Investors (NYSE FTAI) traded down 0.11% during midday trading on Thursday, hitting $18.04. 88,310 shares of the company were exchanged. Fortress Transportation and Infrastructure Investors has a one year low of $11.35 and a one year high of $18.11. The company has a 50-day moving average of $17.62 and a 200 day moving average of $17.62. The company’s market capitalization is $1.37 billion.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last announced 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 business had revenue of $51.20 million during the quarter, compared to the consensus estimate of $52.36 million. Fortress Transportation and Infrastructure Investors had a negative net margin of 4.98% and a positive return on equity of 0.27%. The company’s revenue was up 54.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) EPS. On average, equities research analysts expect that Fortress Transportation and Infrastructure Investors will post $0.17 earnings per share for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. Bellwether Investment Group LLC acquired a new position in Fortress Transportation and Infrastructure Investors in the first quarter valued at about $157,000. BB&T Securities LLC acquired a new position in Fortress Transportation and Infrastructure Investors in the second quarter valued at about $166,000. First Allied Advisory Services Inc. raised its stake in Fortress Transportation and Infrastructure Investors by 1.6% in the second quarter. First Allied Advisory Services Inc. now owns 11,449 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 175 shares in the last quarter. Alps Advisors Inc. acquired a new position in Fortress Transportation and Infrastructure Investors in the second quarter valued at about $216,000. Finally, California Public Employees Retirement System acquired a new position in Fortress Transportation and Infrastructure Investors in the first quarter valued at about $228,000. 25.19% of the stock is owned by institutional investors and hedge funds.

Fortress Transportation and Infrastructure Investors Company Profile

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.

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