FTAI Aviation (NYSE:FTAI) Raised to Outperform at Wolfe Research

FTAI Aviation (NYSE:FTAI) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report released on Friday, MarketBeat Ratings reports. The brokerage presently has a $190.00 price objective on the financial services provider’s stock. Wolfe Research’s price objective points to a potential upside of 12.57% from the stock’s current price.

Several other research firms also recently commented on FTAI. Citigroup upped their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Jefferies Financial Group raised their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. BTIG Research boosted their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, Benchmark increased their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.33.

FTAI Aviation Stock Up 5.5 %

Shares of NYSE:FTAI opened at $168.78 on Friday. FTAI Aviation has a 12-month low of $46.20 and a 12-month high of $177.18. The business has a 50 day moving average of $151.20 and a 200-day moving average of $130.62. The stock has a market cap of $17.31 billion, a PE ratio of -1,687.63 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same period in the previous year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. Equities research analysts expect that FTAI Aviation will post 2.21 earnings per share for the current year.

Institutional Trading of FTAI Aviation

Several large investors have recently bought and sold shares of FTAI. Oppenheimer & Co. Inc. raised its stake in FTAI Aviation by 96.8% during the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock worth $1,110,000 after acquiring an additional 4,106 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in FTAI Aviation during the 3rd quarter worth approximately $498,000. Diversified Trust Co bought a new position in FTAI Aviation in the 3rd quarter valued at approximately $1,738,000. Luxor Capital Group LP acquired a new stake in FTAI Aviation in the third quarter valued at approximately $1,298,000. Finally, Franklin Resources Inc. boosted its position in FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after buying an additional 208,613 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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.