FTAI Aviation (NYSE:FTAI) Price Target Lowered to $100.00 at Stifel Nicolaus

FTAI Aviation (NYSE:FTAI) had its price target decreased by stock analysts at Stifel Nicolaus from $167.00 to $100.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 15.43% from the company’s current price.

A number of other equities research analysts have also recently issued reports on FTAI. BTIG Research upped their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Compass Point boosted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group raised their price target on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Benchmark boosted their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Trading Up 3.4 %

Shares of NYSE:FTAI traded up $2.84 during midday trading on Wednesday, hitting $86.63. The company had a trading volume of 2,675,208 shares, compared to its average volume of 5,479,801. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of -860.33 and a beta of 2.09. The firm has a fifty day simple moving average of $147.90 and a 200 day simple moving average of $132.52. FTAI Aviation has a 12 month low of $49.81 and a 12 month high of $181.64.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same period in the prior year, the business posted $0.33 EPS. The firm’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.

Institutional Trading of FTAI Aviation

Hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. bought a new position in shares of FTAI Aviation in the third quarter worth approximately $26,000. Anchor Investment Management LLC bought a new position in FTAI Aviation in the third quarter worth about $31,000. Farther Finance Advisors LLC grew its stake in shares of FTAI Aviation by 118.1% in the third 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. USA Financial Formulas purchased a new stake in FTAI Aviation during the 4th quarter valued at about $93,000. Finally, Raymond James Trust N.A. purchased a new position in FTAI Aviation in the 3rd quarter worth approximately $200,000. Institutional investors own 88.96% of the company’s stock.

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.