Jefferies Financial Group Boosts FTAI Aviation (NYSE:FTAI) Price Target to $155.00

FTAI Aviation (NYSE:FTAI) had its target price lifted by investment analysts at Jefferies Financial Group from $140.00 to $155.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 17.63% from the stock’s current price.

Other analysts also recently issued reports about the company. Morgan Stanley boosted their price target on FTAI Aviation from $105.00 to $140.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. 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 note on Thursday, July 25th. Wolfe Research downgraded FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Compass Point raised their price objective on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Citigroup raised their target price on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.73.

FTAI Aviation Stock Performance

FTAI Aviation stock traded up $2.22 during midday trading on Monday, reaching $131.77. The stock had a trading volume of 596,876 shares, compared to its average volume of 1,012,908. The firm’s fifty day simple moving average is $116.10 and its 200-day simple moving average is $93.69. FTAI Aviation has a 1-year low of $32.66 and a 1-year high of $132.94. The stock has a market capitalization of $13.21 billion, a P/E ratio of 60.09 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (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 firm had revenue of $443.59 million during the quarter, compared to analyst estimates of $361.92 million. On average, sell-side analysts anticipate that FTAI Aviation will post 2.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FTAI. Capital International Investors purchased a new position in shares of FTAI Aviation during the first quarter valued at approximately $274,052,000. CIBC Private Wealth Group LLC lifted its holdings in FTAI Aviation by 90.7% during the fourth 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 period. American Century Companies Inc. lifted its holdings in FTAI Aviation by 1,923.5% during the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after acquiring an additional 924,730 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in FTAI Aviation by 1,488.2% during the first 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. Finally, Wellington Management Group LLP lifted its holdings in FTAI Aviation by 159.1% during the fourth quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock worth $40,836,000 after acquiring an additional 540,379 shares during the period. Hedge funds and other 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.