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Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) Given Consensus Recommendation of “Hold” by Analysts – Defense World



Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAIGet Rating) has been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $35.33.

A number of research firms recently commented on FTAI. StockNews.com began coverage on shares of Fortress Transportation and Infrastructure Investors in a research report on Thursday, March 31st. They set a “sell” rating for the company. Zacks Investment Research cut shares of Fortress Transportation and Infrastructure Investors from a “hold” rating to a “strong sell” rating in a research report on Friday, April 29th.

Shares of FTAI opened at $18.69 on Friday. The company has a 50 day moving average price of $23.27 and a 200-day moving average price of $25.15. Fortress Transportation and Infrastructure Investors has a fifty-two week low of $16.74 and a fifty-two week high of $34.79. The stock has a market capitalization of $1.85 billion, a PE ratio of -5.58 and a beta of 1.94.

Fortress Transportation and Infrastructure Investors (NYSE:FTAIGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The financial services provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). Fortress Transportation and Infrastructure Investors had a negative return on equity of 15.22% and a negative net margin of 58.85%. The business had revenue of $145.78 million during the quarter, compared to analysts’ expectations of $172.37 million. During the same period in the previous year, the company posted ($0.52) EPS. Fortress Transportation and Infrastructure Investors’s revenue for the quarter was up 92.7% on a year-over-year basis. On average, equities analysts expect that Fortress Transportation and Infrastructure Investors will post 0.15 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Friday, May 13th will be paid a dividend of $0.33 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.32 dividend on an annualized basis and a yield of 7.06%. Fortress Transportation and Infrastructure Investors’s payout ratio is -39.40%.

Institutional investors have recently modified their holdings of the business. Trust Co. of Vermont acquired a new position in Fortress Transportation and Infrastructure Investors during the 4th quarter valued at approximately $27,000. Advisor Group Holdings Inc. increased its stake in shares of Fortress Transportation and Infrastructure Investors by 50.3% in the third quarter. Advisor Group Holdings Inc. now owns 2,606 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 872 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Fortress Transportation and Infrastructure Investors in the third quarter worth $70,000. BlackRock Inc. acquired a new stake in shares of Fortress Transportation and Infrastructure Investors in the first quarter worth $96,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Fortress Transportation and Infrastructure Investors in the fourth quarter worth $216,000. Institutional investors and hedge funds own 77.35% of the company’s stock.

Fortress Transportation and Infrastructure Investors Company Profile (Get Rating)

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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