JMP Securities Increases FTAI Aviation (NYSE:FTAI) Price Target to $132.00

FTAI Aviation (NYSE:FTAI) had its price objective increased by JMP Securities from $90.00 to $132.00 in a research report report published on Thursday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the financial services provider’s stock.

Several other analysts also recently commented on FTAI. Barclays increased their target price on FTAI Aviation from $62.00 to $80.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Royal Bank of Canada increased their price target on FTAI Aviation from $110.00 to $120.00 and gave the company an outperform rating in a report on Thursday. Benchmark reissued a buy rating and set a $100.00 price target on shares of FTAI Aviation in a report on Wednesday, July 24th. Citigroup increased their price target on FTAI Aviation from $81.00 to $99.00 and gave the company a buy rating in a report on Tuesday, June 11th. Finally, Jefferies Financial Group assumed coverage on FTAI Aviation in a report on Tuesday, June 25th. They set a buy rating and a $120.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, FTAI Aviation has a consensus rating of Moderate Buy and a consensus target price of $110.90.

FTAI Aviation Trading Up 6.9 %

Shares of FTAI opened at $112.63 on Thursday. The business’s fifty day simple moving average is $94.13 and its two-hundred day simple moving average is $73.72. FTAI Aviation has a 12 month low of $31.73 and a 12 month high of $115.00. The company has a market cap of $11.29 billion, a price-to-earnings ratio of 51.43 and a beta of 2.03.

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

Insider Activity

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

Hedge Funds Weigh In On FTAI Aviation

Several large investors have recently made changes to their positions in FTAI. Vanguard Group Inc. lifted its position in shares of FTAI Aviation by 1.3% in the third quarter. Vanguard Group Inc. now owns 8,422,511 shares of the financial services provider’s stock valued at $299,420,000 after acquiring an additional 110,367 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of FTAI Aviation by 37.4% in the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 231 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its position in shares of FTAI Aviation by 9,008.0% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 8,015 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 7,927 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of FTAI Aviation in the fourth quarter worth about $6,722,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of FTAI Aviation by 2.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,389 shares of the financial services provider’s stock worth $2,106,000 after purchasing an additional 902 shares during the last quarter. 88.96% of the stock is currently 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.