Fortress Investment Group LLC (FIG) Receives Price Target

Fortress Investment Group LLC (FIG) : 3 investment research analysts covering Fortress Investment Group LLC (FIG) have an average price target of $7.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $10 and the lowest target is $5 for the short term. Analysts expect the variance to be within $2.52 of the average price.

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.


Also, Keefe Bruyette & Woods downgrades its view on Fortress Investment Group LLC (NYSE:FIG) according to the research report released by the firm to its investors. The shares have now been rated Market Perform by the stock experts at the ratings house. Earlier, the shares had a rating of Outperform. The rating by the firm was issued on July 11, 2016.

Fortress Investment Group LLC (NYSE:FIG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.90 and $4.86 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $4.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $4.97, notching a gain of 1.84% for the day. The total traded volume was 336,206 . The stock had closed at $4.88 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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