Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) has been downgraded to Hold in a statement by Zacks Investment Research today.
- Updated: March 20, 2017
Zacks Investment Research has downgraded Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) to Hold in a statement released on Monday March 20, 2017.
On Wednesday January 18, 2017, Raymond James Financial Inc. released a statement about Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) upped the target price from $15.00 to $16.50 that suggested an upside of 0.16%.
Having a price of $14.95, Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) traded -0.80% lower on the day. With the last stock price up 11.04% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. FTAI has recorded a 50-day moving average of $15.13 and a 200-day moving average of $13.46. 171,464 shares of FTAI traded hands, up from an average trading volume of 131,331
Recent Performance Chart
Fortress Transprtn and Infr Investrs LLC has 52 week low of $8.92 and a 52 week high of $15.91 and has a market capitalization of $0.
Brief Synopsis On Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI)
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. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease for long-term. The Offshore Energy segment consists of vessels and equipment that support offshore oil and gas activities and held for long-term operating leases. The Shipping Containers segment consists of an investment in an unconsolidated entity engaged in the acquisition and 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 and other related assets. The Railroad segment consists of the Company's Central Maine and Quebec Railway (CMQR).
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