Analyst Rating Update on Fortress Investment Group LLC (FIG)

Fortress Investment Group LLC (FIG) has an average broker rating of 2.75, which is interpreted as a Hold, as rated by 4 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Fortress Investment Group LLC (FIG) : Currently there are 3 street experts covering Fortress Investment Group LLC (FIG) stock. The most bullish and bearish price target for the stock is $10 and $5 respectively for the short term. The average price target of all the analysts comes to $7.67. The estimated standard deviation from the target is $2.52.

For the current week, the company shares have a recommendation consensus of Buy.


Fortress Investment Group LLC (NYSE:FIG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.91 and $4.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.94, notching a gain of 0.61% for the day. The total traded volume was 896,126 . The stock had closed at $4.91 on the previous day.

Fortress Investment Group LLC (Fortress) is an investment management firm with approximately $67.5 billion in assets under management (AUM) as of December 31, 2014. Its business is to sponsor the formation of, and provide investment management services for, various investment funds and companies, including related managed accounts (collectively, the Fortress Funds). Fortress makes investments in these funds. Fortress has three primary sources of income from the Fortress Funds: management fees, incentive income and investment income on its investments in the funds. The Fortress Funds fall into four business segments in which Fortress operates: Private equity, focuses on control-oriented investments; Liquid hedge funds, invests in fixed income, currency, equity and commodity markets, and related derivatives; Credit funds, invests in direct lending, corporate debt and securities, real estate and structured finance, and Logan Circle, an asset management business.

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