Royal Bank of Canada Reiterates “Outperform” Rating for FTAI Aviation (NYSE:FTAI)

FTAI Aviation (NYSE:FTAI)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank of Canada in a report issued on Wednesday,Benzinga reports. They presently have a $160.00 price target on the financial services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 57.64% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Benchmark raised their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Compass Point upped their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Citigroup lifted their price objective on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. BTIG Research lifted their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Finally, Jefferies Financial Group increased 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. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $101.50 on Wednesday. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of -1,014.90 and a beta of 2.09. FTAI Aviation has a 12 month low of $50.44 and a 12 month high of $181.64. The firm’s fifty day simple moving average is $145.37 and its 200-day simple moving average is $132.02.

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

Hedge Funds Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently made changes to their positions in FTAI. Envestnet Asset Management Inc. raised its holdings in shares of FTAI Aviation by 25.3% in the second quarter. Envestnet Asset Management Inc. now owns 32,681 shares of the financial services provider’s stock valued at $3,374,000 after purchasing an additional 6,599 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in FTAI Aviation during the 2nd quarter worth approximately $261,000. Hsbc Holdings PLC boosted its holdings in FTAI Aviation by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock valued at $1,163,000 after purchasing an additional 216 shares during the period. Profund Advisors LLC bought a new position in shares of FTAI Aviation in the second quarter worth $205,000. Finally, Xponance Inc. lifted its stake in FTAI Aviation by 4.1% during the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 248 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

About FTAI Aviation

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.