In a report issued on April 27, Gregory Lewis from BTIG maintained a Buy rating on Fortress Transportation (FTAI), with a price target of $35.00. The company’s shares closed last Wednesday at $29.95, close to its 52-week high of $31.81.
According to TipRanks.com, Lewis is a 1-star analyst with an average return of 0.1% and a 43.0% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as Eagle Bulk Shipping, Golden Ocean Group, and Chart Industries.
Fortress Transportation has an analyst consensus of Strong Buy, with a price target consensus of $31.83, which is a 7.4% upside from current levels. In a report issued on April 12, Raymond James also maintained a Buy rating on the stock.
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Fortress Transportation’s market cap is currently $2.56B and has a P/E ratio of -24.20. The company has a Price to Book ratio of 2.70.
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Fortress Transportation & Infrastructure Investors LLC engages in acquiring, managing and disposing of transportation and transportation-related infrastructure and equipment assets. It operates through the following segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, Ports and Terminals, and Corporate. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease and are typically held long-term. The Offshore Energy segment comprises of vessels and equipment that support offshore oil and gas activities and are typically subject to long-term operating leases. The Shipping Containers segment includes an investment in an unconsolidated entity engaged in the leasing of shipping containers on both an operating lease and finance lease basis. The Jefferson Terminal segment consists of a multi-modal crude and refined products terminal. The Railroad segment refers to Central Maine and Quebec Railway short line railroad operations. The Ports and Terminals consists of Repauno, a 1,630 acre deep-water port located along the Delaware River with an underground storage cavern and multiple industrial development opportunities, and Long Ridge, acquired in June 2017, a 1,660 acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities. The Corporate segment includes unallocated corporate general and administrative expenses and management fees. The company was founded on February 19, 2014 and is headquartered in New York, NY.