FTAI Aviation (NYSE:FTAI) Given “Buy” Rating at Benchmark

Benchmark restated their buy rating on shares of FTAI Aviation (NYSE:FTAI) in a research note issued to investors on Wednesday, Benzinga reports. Benchmark currently has a $100.00 price target on the financial services provider’s stock.

Several other analysts have also recently weighed in on FTAI. Citigroup lifted their price objective on shares of FTAI Aviation from $81.00 to $99.00 and gave the stock a buy rating in a research note on Tuesday, June 11th. Morgan Stanley lifted their price objective on shares of FTAI Aviation from $85.00 to $105.00 and gave the stock an overweight rating in a research note on Thursday, June 13th. Wolfe Research cut shares of FTAI Aviation from an outperform rating to a peer perform rating in a research note on Wednesday, July 10th. Barclays lifted their price objective on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a research note on Thursday, April 4th. Finally, Compass Point boosted their target price on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a buy rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $104.23.

FTAI Aviation Stock Performance

NYSE FTAI opened at $112.63 on Wednesday. FTAI Aviation has a 52-week low of $31.73 and a 52-week high of $115.00. The firm has a 50-day moving average of $94.13 and a 200-day moving average of $73.34. The stock has a market cap of $11.29 billion, a PE ratio of 51.43 and a beta of 2.03.

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

Insider Activity at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the acquisition, the chief executive officer now owns 197,382 shares of the company’s stock, valued at approximately $16,185,324. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently made changes to their positions in FTAI. Capital International Investors bought a new stake in shares of FTAI Aviation during the 1st quarter valued at approximately $274,052,000. CIBC Private Wealth Group LLC grew its holdings in shares of FTAI Aviation by 90.7% during the 4th 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 last quarter. Norges Bank bought a new stake in shares of FTAI Aviation during the 4th quarter valued at approximately $55,039,000. Price T Rowe Associates Inc. MD grew its holdings in FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after acquiring an additional 813,311 shares during the last quarter. Finally, Pingora Partners LLC bought a new stake in FTAI Aviation during the 4th quarter worth approximately $29,147,000. 88.96% of the stock is owned by 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.