FTAI Aviation (NASDAQ:FTAI) Stock Price Expected to Rise, Morgan Stanley Analyst Says

FTAI Aviation (NASDAQ:FTAI) had its price objective raised by stock analysts at Morgan Stanley from $266.00 to $293.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 23.96% from the company’s previous close.

FTAI has been the subject of a number of other reports. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Royal Bank Of Canada upped their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Barclays lifted their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 16th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a report on Monday, February 9th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $295.78.

FTAI Aviation Trading Down 2.1%

FTAI traded down $5.18 during trading hours on Tuesday, reaching $236.36. The company’s stock had a trading volume of 95,262 shares, compared to its average volume of 1,899,083. The stock has a market cap of $24.24 billion, a PE ratio of 51.16, a P/E/G ratio of 0.93 and a beta of 1.50. FTAI Aviation has a fifty-two week low of $81.45 and a fifty-two week high of $323.51. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The business’s 50-day moving average is $272.30 and its 200-day moving average is $209.76.

FTAI Aviation (NASDAQ:FTAI) last posted its 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 return on equity of 257.07% and a net margin of 19.98%.The business had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. During the same period last year, the business earned $0.84 EPS. FTAI Aviation’s revenue was up 32.7% compared to the same quarter last year. As a group, equities research analysts predict that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FTAI. LDR Capital Management LLC purchased a new stake in shares of FTAI Aviation during the third quarter worth $1,102,000. Diversified Trust Co purchased a new position in FTAI Aviation in the third quarter valued at $2,846,000. Asset Management One Co. Ltd. acquired a new position in FTAI Aviation during the 3rd quarter worth $2,056,000. Hiddenite Capital Partners LP grew its stake in FTAI Aviation by 12.9% during the 3rd quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock worth $13,182,000 after purchasing an additional 9,000 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in FTAI Aviation by 396.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock worth $138,730,000 after purchasing an additional 664,037 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.