JMP Securities Boosts Fortress Transportation and Infrastructure Investors (NYSE:FTAI) Price Target to $32.00


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Fortress Transportation and Infrastructure Investors (NYSE:FTAI) had its target price increased by equities research analysts at JMP Securities from $22.00 to $32.00 in a research note issued to investors on Tuesday, The Fly reports. JMP Securities’ price target indicates a potential upside of 17.82% from the stock’s current price.

FTAI has been the subject of a number of other research reports. B. Riley upped their target price on Fortress Transportation and Infrastructure Investors from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday. BTIG Research assumed coverage on Fortress Transportation and Infrastructure Investors in a research note on Tuesday, December 1st. They issued a “buy” rating and a $25.00 price objective for the company. Barclays boosted their target price on shares of Fortress Transportation and Infrastructure Investors from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Monday, February 1st. Stifel Nicolaus upped their price target on shares of Fortress Transportation and Infrastructure Investors from $19.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, December 4th. Finally, 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. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Fortress Transportation and Infrastructure Investors has an average rating of “Buy” and an average target price of $25.18.

Shares of NYSE:FTAI traded up $0.69 during trading on Tuesday, hitting $27.16. 10,836 shares of the company were exchanged, compared to its average volume of 498,932. Fortress Transportation and Infrastructure Investors has a 1-year low of $3.69 and a 1-year high of $28.22. The company has a market capitalization of $2.33 billion, a P/E ratio of 16.77 and a beta of 2.02. The business’s 50 day moving average is $24.00 and its 200-day moving average is $19.81.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Manchester Financial Inc. bought a new stake in Fortress Transportation and Infrastructure Investors during the fourth quarter valued at $38,000. International Assets Investment Management LLC acquired a new position in shares of Fortress Transportation and Infrastructure Investors in the 4th quarter valued at about $91,000. Vestmark Advisory Solutions Inc. bought a new stake in shares of Fortress Transportation and Infrastructure Investors during the 4th quarter valued at about $209,000. Northern Trust Corp bought a new stake in shares of Fortress Transportation and Infrastructure Investors during the 4th quarter valued at about $235,000. Finally, Tompkins Financial Corp acquired a new stake in Fortress Transportation and Infrastructure Investors during the fourth quarter worth approximately $249,000. 52.27% of the stock is owned by institutional investors and hedge funds.

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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