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

A number of other research analysts have also commented on FTAI. TheStreet raised Fortress Transportation and Infrastructure Investors from a c rating to a b- rating in a report on Monday, July 31st. Zacks Investment Research downgraded Fortress Transportation and Infrastructure Investors from a hold rating to a sell rating in a research note on Tuesday, July 18th. One equities research 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 stock. The company has a consensus rating of Buy and an average price target of $17.83.

Fortress Transportation and Infrastructure Investors (NYSE FTAI) opened at 18.04 on Thursday. Fortress Transportation and Infrastructure Investors has a 52-week low of $11.35 and a 52-week high of $18.11. The firm’s market capitalization is $1.37 billion. The stock’s 50 day moving average is $17.62 and its 200-day moving average is $17.62.

Fortress Transportation and Infrastructure Investors (NYSE:FTAI) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). Fortress Transportation and Infrastructure Investors had a positive return on equity of 0.27% and a negative net margin of 4.98%. The company had revenue of $51.20 million during the quarter, compared to analyst estimates of $52.36 million. During the same period in the prior year, the firm earned ($0.07) EPS. Fortress Transportation and Infrastructure Investors’s quarterly revenue was up 54.2% on a year-over-year basis. Equities analysts expect that Fortress Transportation and Infrastructure Investors will post $0.17 earnings per share for the current year.

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Large investors have recently bought and sold shares of the stock. Global X Management Co. LLC acquired a new position in Fortress Transportation and Infrastructure Investors in the 1st quarter valued at $7,486,000. Wells Fargo & Company MN raised its holdings in Fortress Transportation and Infrastructure Investors by 67.7% in the 1st quarter. Wells Fargo & Company MN now owns 28,678 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 11,578 shares during the period. Russell Investments Group Ltd. lifted its position in Fortress Transportation and Infrastructure Investors by 94.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 273,800 shares of the financial services provider’s stock worth $4,364,000 after acquiring an additional 132,829 shares during the last quarter. Bellwether Investment Group LLC acquired a new position in Fortress Transportation and Infrastructure Investors during the 1st quarter worth $157,000. Finally, Whittier Trust Co. lifted its position in Fortress Transportation and Infrastructure Investors by 1.8% during the 2nd quarter. Whittier Trust Co. now owns 110,348 shares of the financial services provider’s stock worth $1,759,000 after acquiring an additional 1,967 shares during the last quarter. Institutional investors and hedge funds own 26.19% of the company’s stock.

About Fortress Transportation and Infrastructure Investors

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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