FTAI Aviation (NASDAQ:FTAI) Price Target Raised to $340.00

FTAI Aviation (NASDAQ:FTAI) had its target price raised by investment analysts at BTIG Research from $335.00 to $340.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. BTIG Research’s target price would indicate a potential upside of 46.04% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Barclays upped their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Citizens Jmp upped their price objective on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research note on Thursday, January 29th. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, Royal Bank Of Canada raised their target price on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $292.78.

FTAI Aviation Stock Performance

FTAI stock traded down $4.34 during midday trading on Friday, hitting $232.81. The stock had a trading volume of 220,716 shares, compared to its average volume of 1,883,011. FTAI Aviation has a 52 week low of $81.45 and a 52 week high of $323.51. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. The stock has a 50-day simple moving average of $272.27 and a 200 day simple moving average of $204.90. The firm has a market capitalization of $23.88 billion, a price-to-earnings ratio of 50.39, a P/E/G ratio of 1.05 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business had revenue of $662.03 million during the quarter, compared to the consensus estimate of $710.37 million. During the same period last year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. As a group, equities research analysts anticipate that FTAI Aviation will post 2.2 earnings per share for the current year.

Institutional Trading of FTAI Aviation

Several hedge funds have recently modified their holdings of FTAI. Capital International Investors raised its stake in shares of FTAI Aviation by 0.7% in the third quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock valued at $2,318,615,000 after acquiring an additional 94,383 shares during the last quarter. Capital World Investors grew its position in FTAI Aviation by 41.1% during the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after acquiring an additional 2,596,265 shares during the last quarter. Rubric Capital Management LP increased its holdings in FTAI Aviation by 10.1% during the 4th quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after purchasing an additional 339,447 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after purchasing an additional 1,238,294 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in FTAI Aviation by 10.3% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock valued at $462,721,000 after purchasing an additional 220,384 shares during the last quarter. 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.