Raymond James analyst Robert Dodd maintained a Buy rating on Fortress Transportation (NYSE:FTAI) on Thursday, setting a price target of $33, which is approximately 6.42% above the present share price of $31.01.
Dodd expects Fortress Transportation to post earnings per share (EPS) of -$0.40 for the third quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Fortress Transportation, with an average price target of $36.67.
The analysts price targets range from a high of $45 to a low of $32.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $77.15 million and a net profit of -$625 thousand. The company's market cap is $2.66 billion.
According to TipRanks.com, Raymond James analyst Robert Dodd is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.4% and a 73.20% success rate.
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.