FTAI Aviation (NASDAQ:FTAI) Price Target Raised to $350.00 at Barclays

FTAI Aviation (NASDAQ:FTAI) had its price target increased by Barclays from $260.00 to $350.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

FTAI has been the subject of a number of other reports. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Morgan Stanley lifted their target price on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research note on Tuesday, January 6th. Citizens Jmp upped their price target on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Finally, Wolfe Research reissued an “outperform” rating and issued a $225.00 price objective on shares of FTAI Aviation in a research note on Wednesday, December 31st. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $292.22.

FTAI Aviation Price Performance

Shares of FTAI traded down $4.24 during mid-day trading on Friday, reaching $305.80. 7,558,237 shares of the company’s stock were exchanged, compared to its average volume of 1,410,101. The stock has a market capitalization of $31.37 billion, a PE ratio of 66.19 and a beta of 1.53. The business’s fifty day simple moving average is $255.98 and its 200-day simple moving average is $196.95. FTAI Aviation has a 52-week low of $81.45 and a 52-week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $662.03 million during the quarter, compared to analysts’ expectations of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 337.39%. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.84 EPS. Equities research analysts predict that FTAI Aviation will post 2.2 earnings per share for the current year.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently bought and sold shares of FTAI. Mather Group LLC. acquired a new position in shares of FTAI Aviation during the 3rd quarter worth $28,000. Garton & Associates Financial Advisors LLC acquired a new position in FTAI Aviation during the fourth quarter worth about $30,000. Greenline Wealth Management LLC acquired a new position in FTAI Aviation during the fourth quarter worth about $50,000. Global Retirement Partners LLC lifted its position in shares of FTAI Aviation by 880.0% during the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 308 shares during the period. Finally, First Horizon Corp lifted its position in shares of FTAI Aviation by 131.9% during the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 182 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.