Wolfe Research Upgrades FTAI Aviation (NYSE:FTAI) to “Outperform”

FTAI Aviation (NYSE:FTAI) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a research note issued on Friday, MarketBeat.com reports. The brokerage currently has a $190.00 target price on the financial services provider’s stock. Wolfe Research’s target price indicates a potential upside of 9.18% from the company’s current price.

A number of other brokerages have also recently weighed in on FTAI. Deutsche Bank Aktiengesellschaft lifted their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Barclays upped their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Stifel Nicolaus lifted their price objective on FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Finally, Compass Point increased their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $177.33.

FTAI Aviation Stock Performance

FTAI stock opened at $174.02 on Friday. FTAI Aviation has a one year low of $46.88 and a one year high of $181.64. The firm has a market cap of $17.85 billion, a PE ratio of -1,740.03 and a beta of 2.09. The firm’s 50 day moving average price is $151.83 and its 200-day moving average price is $131.42.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.33 EPS. Equities research analysts predict that FTAI Aviation will post 2.21 EPS for the current fiscal year.

Institutional Trading of FTAI Aviation

A number of large investors have recently made changes to their positions in FTAI. Brown Brothers Harriman & Co. purchased a new position in FTAI Aviation in the third quarter worth approximately $26,000. Anchor Investment Management LLC acquired a new stake in shares of FTAI Aviation in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC lifted its position in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the last quarter. Raymond James Trust N.A. acquired a new position in shares of FTAI Aviation during the third quarter worth $200,000. Finally, Everence Capital Management Inc. purchased a new position in FTAI Aviation in the fourth quarter valued at $203,000. 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.