FTAI Aviation (NYSE:FTAI) PT Raised to $88.00

FTAI Aviation (NYSE:FTAI) had its target price raised by equities research analysts at Compass Point from $71.00 to $88.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Compass Point’s target price would indicate a potential upside of 24.38% from the company’s previous close.

A number of other brokerages have also commented on FTAI. Stifel Nicolaus reissued a “hold” rating and issued a $59.00 price target (up previously from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. Benchmark increased their price target on shares of FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Barclays increased their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. StockNews.com lowered shares of FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Finally, Morgan Stanley increased their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.39.

FTAI Aviation Price Performance

NYSE FTAI opened at $70.75 on Friday. The company’s 50 day simple moving average is $63.92 and its two-hundred day simple moving average is $51.33. The stock has a market capitalization of $7.09 billion, a PE ratio of 32.31 and a beta of 1.90. FTAI Aviation has a 1 year low of $26.79 and a 1 year high of $74.99.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. FTAI Aviation had a return on equity of 210.66% and a net margin of 21.08%. FTAI Aviation’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS. On average, research analysts anticipate that FTAI Aviation will post 2.49 EPS for the current year.

Institutional Investors Weigh In On FTAI Aviation

A number of large investors have recently added to or reduced their stakes in FTAI. FMR LLC grew its holdings in FTAI Aviation by 179.7% in the 3rd quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock worth $221,014,000 after acquiring an additional 3,994,578 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in FTAI Aviation by 90.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after acquiring an additional 1,359,302 shares during the last quarter. Norges Bank bought a new stake in FTAI Aviation in the 4th quarter worth $55,039,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in FTAI Aviation by 36.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock worth $97,286,000 after acquiring an additional 736,400 shares during the last quarter. Finally, Pingora Partners LLC bought a new stake in FTAI Aviation in the 4th quarter worth $29,147,000. Institutional investors own 88.96% of the company’s stock.

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.