JMP Securities Believes FTAI Won’t Stop Here

By Ryan Adsit

JMP Securities analyst Devin Ryan reiterated a Buy rating on Fortress Transportation (NYSE: FTAI) today. The company’s shares opened today at $12.99, close to its 52-week high of $13.43.

According to TipRanks.com, Ryan is a 4-star analyst with an average return of 5.4% and a 64.5% success rate. Ryan covers the Financial sector, focusing on stocks such as Raymond James Financial, Stifel Financial Corp., and Evercore Partners Inc.

Fortress Transportation has an analyst consensus of Moderate Buy.

The company has a one year high of $13.43 and a one year low of $8.65. Currently, Fortress Transportation has an average volume of 123.7K.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FTAI in relation to earlier this year. Most recently, in August 2016, Joseph Adams, the CEO of FTAI bought 10,000 shares for a total of $119,500.

Fortress Transportation & Infrastructure Investor LLC, a traded fund, invests in high quality infrastructure and equipment that is essential for the transportation of goods and people globally. The fund invests in across four market sectors: aviation, energy, intermodal transport and rail.