FTAI Aviation (NYSE:FTAI) Price Target Raised to $125.00

FTAI Aviation (NYSE:FTAI) had its price objective increased by Deutsche Bank Aktiengesellschaft from $120.00 to $125.00 in a research report report published on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the financial services provider’s stock.

FTAI has been the topic of a number of other reports. Stifel Nicolaus raised their price target on FTAI Aviation from $59.00 to $66.00 and gave the stock a hold rating in a research note on Monday, April 29th. Wolfe Research cut FTAI Aviation from an outperform rating to a peer perform rating in a report on Wednesday, July 10th. StockNews.com raised FTAI Aviation to a sell rating in a report on Thursday. JMP Securities raised their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a report on Monday, April 29th. Finally, Citigroup raised their target price on FTAI Aviation from $81.00 to $99.00 and gave the stock a buy rating in a report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation has a consensus rating of Moderate Buy and an average price target of $104.23.

FTAI Aviation Price Performance

FTAI stock opened at $109.63 on Thursday. The company has a market cap of $10.99 billion, a P/E ratio of 48.10 and a beta of 2.03. FTAI Aviation has a 1 year low of $31.73 and a 1 year high of $113.98. The stock’s fifty day moving average price is $93.45 and its 200-day moving average price is $72.89.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a positive return on equity of 156.50% and a negative net margin of 1.50%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share. As a group, analysts expect that FTAI Aviation will post 2.04 earnings per share for the current year.

Insider Transactions at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams bought 59,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was purchased at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the completion of the purchase, the chief executive officer now owns 197,382 shares of the company’s stock, valued at $16,185,324. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of FTAI Aviation

A number of large investors have recently made changes to their positions in FTAI. Capital International Investors purchased a new stake in shares of FTAI Aviation during the first quarter valued at $274,052,000. CIBC Private Wealth Group LLC boosted its stake in shares of FTAI Aviation by 90.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after purchasing an additional 1,359,302 shares during the period. Norges Bank purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at $55,039,000. Price T Rowe Associates Inc. MD boosted its stake in shares of FTAI Aviation by 1,488.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after purchasing an additional 813,311 shares during the period. Finally, Pingora Partners LLC purchased a new stake in FTAI Aviation in the fourth quarter worth about $29,147,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.