Fortress Transprtn and Infr Investrs LLC (FTAI) Stock Price Hits 52-Week High Today

July 17, 2017 - By Clifton Ray

The stock of Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) hit a new 52-week high and has $16.93 target or 4.00 % above today’s $16.28 share price. The 8 months bullish chart indicates low risk for the $1.22 billion company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $16.93 price target is reached, the company will be worth $48.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 33,485 shares traded. Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) has risen 73.15% since July 17, 2016 and is uptrending. It has outperformed by 56.45% the S&P500.

Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) Ratings Coverage

Among 6 analysts covering Fortress Transportation and Infrastructure (NYSE:FTAI), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fortress Transportation and Infrastructure had 9 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was downgraded by Raymond James on Wednesday, January 18 to “Outperform”. The firm earned “Outperform” rating on Wednesday, July 29 by Wolfe Research. The firm has “Overweight” rating by Barclays Capital given on Monday, October 5. Alembic initiated the shares of FTAI in report on Wednesday, October 7 with “Overweight” rating. Citigroup maintained the shares of FTAI in report on Friday, August 12 with “Buy” rating.

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 has market cap of $1.22 billion. The Firm operates through five divisions Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. It currently has negative earnings. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease for long-term.

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