BidaskClub upgraded shares of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) from a buy rating to a strong-buy rating in a research note released on Wednesday.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Fortress Transportation and Infrastructure Investors from a strong sell rating to a hold rating in a research report on Wednesday, July 12th. TheStreet upgraded Fortress Transportation and Infrastructure Investors from a c rating to a b- rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $18.25.

Fortress Transportation and Infrastructure Investors (NYSE FTAI) traded up 0.06% during trading on Wednesday, reaching $18.01. The company had a trading volume of 115,547 shares. The firm’s 50 day moving average is $17.72 and its 200 day moving average is $16.53. Fortress Transportation and Infrastructure Investors has a one year low of $11.35 and a one year high of $18.41. The company’s market capitalization is $1.36 billion.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Fortress Transportation and Infrastructure Investors had a negative net margin of 4.98% and a positive return on equity of 0.27%. The company had revenue of $51.20 million for the quarter, compared to analysts’ expectations of $52.36 million. During the same quarter last year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 54.2% on a year-over-year basis. On average, equities research analysts predict that Fortress Transportation and Infrastructure Investors will post $0.18 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. BB&T Securities LLC purchased a new stake in shares of Fortress Transportation and Infrastructure Investors in the second quarter worth approximately $166,000. First Allied Advisory Services Inc. raised its holdings in shares of 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 worth $184,000 after buying an additional 175 shares during the period. Alps Advisors Inc. purchased a new stake in shares of Fortress Transportation and Infrastructure Investors in the second quarter worth approximately $216,000. California Public Employees Retirement System purchased a new stake in shares of Fortress Transportation and Infrastructure Investors in the first quarter worth approximately $228,000. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Fortress Transportation and Infrastructure Investors by 47.4% in the second quarter. Gamco Investors INC. ET AL now owns 15,550 shares of the financial services provider’s stock worth $248,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 26.19% of the company’s stock.

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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