The Fortress Transportation and Infrastructure Investors LLC (FTAI) shares are trading at higher $12.33 and the avg recommendation for the stock is Strong Buy. The current analyst price target stands at $15.80.
To add more color to this target, the company’s high over the last year is $21.73 and the low is $3.69. Over the last 52 weeks, FTAI is down -43.26% while the S&P 500 is up 1.07%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, FTAI reported a profit of $79.4 million. Fortress Transportation and Infrastructure Investors LLC also saw revenues increase to $112.84 million. In addition, FTAI has free cash flow of -$129.78 million as of 03-2020 The company’s EBITDA came in at $75.7 million which compares well with its peers.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FTAI has a short ratio of 3.51 and outstanding shares of 86.01M.
FTAI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.56 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.77. Fortress Transportation and Infrastructure Investors LLC FTAI also noted assets of $3.18 billion at the end of the last quarter. Investors should also keep an eye on sector updates as FTAI has historically followed its peers on positive news.
All told, Fortress Transportation and Infrastructure Investors LLC FTAI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FTAI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Fortress Transportation and Infrastructure Investors LLC FTAI is now commanding a market cap of 1.07B and a float of 84.24M. FTAI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FTAI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in FTAI, either long or short, and we have not been compensated for this article.