Fortress Transprtn and Infr Investrs (FTAI) Downgraded by Zacks Investment Research to Sell

Fortress Transprtn and Infr Investrs (NYSE:FTAI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

According to Zacks, “Fortress Transportation and Infrastructure Investors LLC is engaged in the owning and acquisition of infrastructure and equipment for leasing. Its segments include Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. Fortress Transportation and Infrastructure Investors LLC is based in New York, United States. “

A number of other analysts have also issued reports on the company. BidaskClub lowered Fortress Transprtn and Infr Investrs from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Bank of America boosted their price objective on Fortress Transprtn and Infr Investrs from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $19.63.

Shares of Fortress Transprtn and Infr Investrs (FTAI) opened at $19.82 on Monday. The stock has a market capitalization of $1,500.00 and a price-to-earnings ratio of -330.33. Fortress Transprtn and Infr Investrs has a one year low of $13.45 and a one year high of $20.08.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $60.40 million for the quarter, compared to analyst estimates of $56.04 million. Fortress Transprtn and Infr Investrs had a positive return on equity of 0.60% and a negative net margin of 2.36%. The business’s revenue was up 44.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. equities analysts forecast that Fortress Transprtn and Infr Investrs will post 0.16 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership bought a new stake in shares of Fortress Transprtn and Infr Investrs during the 2nd quarter valued at $560,000. Russell Investments Group Ltd. raised its stake in shares of Fortress Transprtn and Infr Investrs by 57.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 431,823 shares of the financial services provider’s stock valued at $7,790,000 after purchasing an additional 158,023 shares during the period. GSA Capital Partners LLP raised its stake in shares of Fortress Transprtn and Infr Investrs by 31.2% during the 3rd quarter. GSA Capital Partners LLP now owns 130,116 shares of the financial services provider’s stock valued at $2,347,000 after purchasing an additional 30,979 shares during the period. BB&T Securities LLC raised its stake in shares of Fortress Transprtn and Infr Investrs by 1,109.0% during the 3rd quarter. BB&T Securities LLC now owns 125,966 shares of the financial services provider’s stock valued at $2,272,000 after purchasing an additional 115,547 shares during the period. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Fortress Transprtn and Infr Investrs during the 3rd quarter valued at $451,000. Institutional investors own 28.07% of the company’s stock.

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About Fortress Transprtn and Infr Investrs

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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