FTAI Aviation (NYSE:FTAI) PT Raised to $148.00

FTAI Aviation (NYSE:FTAI) had its target price lifted by analysts at Morgan Stanley from $140.00 to $148.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price indicates a potential upside of 3.10% from the stock’s current price.

A number of other analysts have also recently weighed in on FTAI. Royal Bank of Canada raised their price objective on FTAI Aviation from $120.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Barclays increased their price target on FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Benchmark boosted their price target on FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.45.

FTAI Aviation Stock Performance

NYSE:FTAI opened at $143.55 on Friday. The company’s 50-day simple moving average is $126.65 and its 200-day simple moving average is $101.58. FTAI Aviation has a fifty-two week low of $32.66 and a fifty-two week high of $149.74. The stock has a market capitalization of $14.39 billion, a P/E ratio of 65.55 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its 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 firm had revenue of $443.59 million for the quarter, compared to analysts’ expectations of $361.92 million. On average, research analysts forecast that FTAI Aviation will post 2.13 EPS for the current year.

Institutional Trading of FTAI Aviation

Several large investors have recently made changes to their positions in the business. Arcadia Investment Management Corp MI acquired a new position in FTAI Aviation during the second quarter valued at $33,000. Ridgewood Investments LLC purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at about $59,000. EverSource Wealth Advisors LLC lifted its holdings in shares of FTAI Aviation by 165.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock valued at $202,000 after buying an additional 1,790 shares during the period. RiverPark Advisors LLC purchased a new stake in shares of FTAI Aviation in the second quarter worth about $202,000. Finally, Profund Advisors LLC acquired a new stake in FTAI Aviation during the second quarter worth about $205,000. 88.96% of the stock is 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.