Royal Bank of Canada Increases FTAI Aviation (NYSE:FTAI) Price Target to $143.00

FTAI Aviation (NYSE:FTAI) had its price objective hoisted by investment analysts at Royal Bank of Canada from $120.00 to $143.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 13.11% from the company’s current price.

FTAI has been the subject of a number of other reports. JMP Securities boosted their price objective on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft increased their price target on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Morgan Stanley raised their price objective on FTAI Aviation from $105.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Barclays upped their target price on shares of FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, Benchmark raised their price target on shares of FTAI Aviation from $100.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.09.

FTAI Aviation Price Performance

FTAI stock opened at $126.43 on Thursday. FTAI Aviation has a 1 year low of $32.66 and a 1 year high of $130.52. The stock has a market capitalization of $12.67 billion, a PE ratio of 57.73 and a beta of 2.04. The company’s 50-day moving average is $111.58 and its 200-day moving average is $89.67.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The business had revenue of $443.59 million for the quarter, compared to the consensus estimate of $361.92 million. On average, analysts anticipate that FTAI Aviation will post 2.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds have recently made changes to their positions in FTAI. Principal Financial Group Inc. boosted its stake in FTAI Aviation by 107.6% in the 4th quarter. Principal Financial Group Inc. now owns 98,096 shares of the financial services provider’s stock worth $4,552,000 after purchasing an additional 50,834 shares during the period. ClariVest Asset Management LLC purchased a new position in FTAI Aviation during the first quarter valued at approximately $1,802,000. Price T Rowe Associates Inc. MD increased its holdings in FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after acquiring an additional 813,311 shares during the period. Orchard Capital Management LLC increased its holdings in FTAI Aviation by 4.4% during the 4th quarter. Orchard Capital Management LLC now owns 314,708 shares of the financial services provider’s stock worth $14,602,000 after acquiring an additional 13,268 shares during the period. Finally, Entropy Technologies LP purchased a new stake in FTAI Aviation in the 1st quarter worth approximately $340,000. 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.