Fortress Investment Group LLC Hits New 52-Week High at $8.77 (FIG)
Fortress Investment Group LLC (NYSE:FIG)’s share price reached a new 52-week high during mid-day trading on Friday, Stock Ratings Network reports. The stock traded as high as $8.77 and last traded at $8.34, with a volume of 1,607,696 shares traded. The stock had previously closed at $7.95.
FIG has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Fortress Investment Group LLC from $10.00 to $11.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Fortress Investment Group LLC from $7.00 to $8.00 in a research note to investors on Friday, August 2nd. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Fortress Investment Group LLC has an average rating of “Buy” and an average target price of $8.68.
Fortress Investment Group LLC has a 1-year low of $3.73 and a 1-year high of $8.19. The stock has a 50-day moving average of $7.61 and a 200-day moving average of $7.17. The company has a market cap of $1.969 billion and a price-to-earnings ratio of 17.99.
Fortress Investment Group LLC (NYSE:FIG) last announced its earnings results on Thursday, August 1st. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.11. The company had revenue of $223.10 million for the quarter, compared to the consensus estimate of $259.67 million. During the same quarter last year, the company posted $0.09 earnings per share. Fortress Investment Group LLC’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Fortress Investment Group LLC will post $0.81 EPS for the current fiscal year.
Fortress Investment Group LLC (NYSE:FIG) is a global investment manager with approximately $41.
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