FTAI Aviation (NYSE:FTAI) Upgraded by Wolfe Research to Outperform Rating

FTAI Aviation (NYSE:FTAI) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Friday, Marketbeat reports. The brokerage presently has a $190.00 target price on the financial services provider’s stock. Wolfe Research’s price objective suggests a potential upside of 12.57% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Jefferies Financial Group boosted their price objective on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a report on Friday, November 1st. Benchmark lifted their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, Compass Point lifted their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average target price of $177.33.

FTAI Aviation Stock Performance

FTAI opened at $168.78 on Friday. FTAI Aviation has a twelve month low of $46.20 and a twelve month high of $177.18. The firm has a market cap of $17.31 billion, a PE ratio of -1,687.63 and a beta of 2.09. The firm’s fifty day moving average is $151.20 and its two-hundred day moving average is $130.62.

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

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors have recently added to or reduced their stakes in FTAI. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the third quarter worth approximately $26,000. Anchor Investment Management LLC bought a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $31,000. Farther Finance Advisors LLC increased its holdings 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 acquiring an additional 189 shares during the last quarter. Raymond James Trust N.A. bought a new stake in FTAI Aviation in the 3rd quarter valued at $200,000. Finally, Everence Capital Management Inc. acquired a new stake in FTAI Aviation during the 4th quarter valued at $203,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.