FTAI Aviation (NYSE:FTAI) PT Raised to $88.00

FTAI Aviation (NYSE:FTAI) had its target price lifted by analysts at Compass Point from $71.00 to $88.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Compass Point’s target price points to a potential upside of 20.14% from the stock’s current price.

FTAI has been the subject of several other reports. StockNews.com cut FTAI Aviation from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Benchmark upped their target price on FTAI Aviation from $45.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Morgan Stanley increased their target price on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Stifel Nicolaus restated a “hold” rating and issued a $59.00 target price (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Finally, Barclays upped their target price on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $58.45.

FTAI Aviation Stock Performance

FTAI opened at $73.25 on Friday. The stock has a fifty day moving average of $63.18 and a 200-day moving average of $50.81. FTAI Aviation has a fifty-two week low of $26.79 and a fifty-two week high of $74.44. The company has a market capitalization of $7.34 billion, a P/E ratio of 34.88 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The business had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. During the same quarter last year, the firm earned $0.22 EPS. FTAI Aviation’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, equities research analysts predict that FTAI Aviation will post 2.43 earnings per share for the current fiscal year.

Institutional Trading of FTAI Aviation

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of FTAI Aviation by 37.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 231 shares during the period. Arizona State Retirement System lifted its stake in FTAI Aviation by 1.4% in the third quarter. Arizona State Retirement System now owns 28,396 shares of the financial services provider’s stock valued at $1,009,000 after buying an additional 384 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of FTAI Aviation by 25.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock worth $116,000 after buying an additional 657 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of FTAI Aviation by 1.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 39,944 shares of the financial services provider’s stock worth $2,688,000 after buying an additional 718 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of FTAI Aviation by 2.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,389 shares of the financial services provider’s stock valued at $2,106,000 after acquiring an additional 902 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

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.