FTAI Aviation (NASDAQ:FTAI) Cut to “Strong Sell” at Zacks Research

FTAI Aviation (NASDAQ:FTAI) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

Several other analysts also recently weighed in on FTAI. BTIG Research reiterated a “buy” rating and set a $230.00 target price on shares of FTAI Aviation in a research report on Wednesday, November 19th. Royal Bank Of Canada raised their target price on shares of FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Barclays upped their target price on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 1st. Finally, Wall Street Zen cut shares of FTAI Aviation from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $201.11.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $176.92 on Thursday. FTAI Aviation has a one year low of $75.06 and a one year high of $194.36. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 40.39 and a beta of 1.56. The stock has a 50 day moving average price of $169.35 and a 200-day moving average price of $148.90.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The business had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. During the same period in the prior year, the business posted $0.76 earnings per share. FTAI Aviation’s revenue was up 43.2% on a year-over-year basis. Sell-side analysts predict that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

Insider Activity at FTAI Aviation

In other news, COO David Moreno bought 4,354 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average price of $153.89 per share, with a total value of $670,037.06. Following the completion of the transaction, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FTAI Aviation

Large investors have recently made changes to their positions in the business. Mather Group LLC. acquired a new stake in shares of FTAI Aviation in the 3rd quarter worth $28,000. Virtus Advisers LLC acquired a new position in FTAI Aviation during the 1st quarter valued at about $29,000. Parallel Advisors LLC raised its stake in FTAI Aviation by 78.5% in the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Global Retirement Partners LLC raised its stake in FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after buying an additional 308 shares during the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new stake in FTAI Aviation in the second quarter worth about $60,000. 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.