Fortress Transprtn and Infr Investrs (NYSE:FTAI) Cut to “Sell” at Zacks Investment Research

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

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 research firms also recently weighed in on FTAI. Stifel Nicolaus initiated coverage on Fortress Transprtn and Infr Investrs in a research report on Tuesday, November 26th. They set a “buy” rating and a $22.00 price target for the company. BTIG Research initiated coverage on Fortress Transprtn and Infr Investrs in a research report on Monday, December 2nd. They set a “buy” rating and a $25.00 price target for the company. Finally, B. Riley initiated coverage on Fortress Transprtn and Infr Investrs in a research report on Tuesday, November 26th. They set a “buy” rating and a $23.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.20.

NYSE:FTAI traded up $0.04 during trading hours on Wednesday, reaching $19.14. 129,500 shares of the stock were exchanged, compared to its average volume of 230,750. Fortress Transprtn and Infr Investrs has a twelve month low of $14.24 and a twelve month high of $20.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a 50 day moving average of $19.25 and a 200 day moving average of $16.55. The stock has a market cap of $1.63 billion, a PE ratio of 39.88 and a beta of 1.14.

Fortress Transprtn and Infr Investrs (NYSE:FTAI) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.09. Fortress Transprtn and Infr Investrs had a return on equity of 3.62% and a net margin of 6.97%. The firm had revenue of $162.20 million during the quarter, compared to the consensus estimate of $162.98 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The business’s revenue was up 60.3% on a year-over-year basis. Equities research analysts anticipate that Fortress Transprtn and Infr Investrs will post 0.51 earnings per share for the current year.

In related news, Director Martin Tuchman acquired 200,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of $25.00 per share, for a total transaction of $5,000,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Lenox Wealth Advisors LLC bought a new stake in shares of Fortress Transprtn and Infr Investrs during the 3rd quarter worth approximately $31,000. JPMorgan Chase & Co. bought a new stake in shares of Fortress Transprtn and Infr Investrs during the 2nd quarter worth approximately $42,000. Tower Research Capital LLC TRC raised its stake in shares of Fortress Transprtn and Infr Investrs by 395.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,900 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 2,315 shares in the last quarter. JNBA Financial Advisors raised its stake in shares of Fortress Transprtn and Infr Investrs by 52.1% during the 3rd quarter. JNBA Financial Advisors now owns 7,300 shares of the financial services provider’s stock worth $111,000 after purchasing an additional 2,500 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its stake in shares of Fortress Transprtn and Infr Investrs by 42.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 9,000 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors own 33.30% of the company’s stock.

About Fortress Transprtn and Infr Investrs

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 in six segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, and Ports and Terminals.

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