Morgan Stanley Issues Positive Forecast for FTAI Aviation (NASDAQ:FTAI) Stock Price

FTAI Aviation (NASDAQ:FTAI) had its target price increased by equities researchers at Morgan Stanley from $319.00 to $360.00 in a 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 price objective suggests a potential upside of 81.99% from the stock’s current price.

Several other equities analysts also recently commented on FTAI. Jefferies Financial Group reaffirmed a “buy” rating and set a $325.00 price objective on shares of FTAI Aviation in a research note on Sunday, August 2nd. Royal Bank Of Canada dropped their price objective on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Citizens Jmp assumed coverage on FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective on the stock. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, BTIG Research reduced their target price on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $320.11.

FTAI Aviation Stock Down 6.2%

Shares of NASDAQ FTAI opened at $197.81 on Friday. The firm’s fifty day moving average is $231.22 and its 200 day moving average is $247.67. FTAI Aviation has a 52 week low of $140.26 and a 52 week high of $323.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The company has a market cap of $20.32 billion, a price-to-earnings ratio of 43.00, a PEG ratio of 0.85 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). The firm had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.57 earnings per share. On average, equities research analysts expect that FTAI Aviation will post 6.77 earnings per share for the current year.

Insider Activity

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President David Moreno bought 2,475 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was purchased at an average cost of $201.27 per share, with a total value of $498,143.25. Following the transaction, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. This represents a 1.26% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. raised its position in shares of FTAI Aviation by 122.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of FTAI Aviation by 142.2% in the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares in the last quarter. Ancora Advisors LLC purchased a new stake in shares of FTAI Aviation during the second quarter valued at $32,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in FTAI Aviation during the 2nd quarter valued at about $37,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of FTAI Aviation during the fourth quarter valued at approximately $30,000. Institutional investors 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.