FTAI Aviation (NYSE:FTAI) Rating Lowered to Peer Perform at Wolfe Research

FTAI Aviation (NYSE:FTAI) was downgraded by investment analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a report released on Wednesday, Marketbeat Ratings reports.

Several other research analysts have also recently issued reports on FTAI. Royal Bank of Canada raised their target price on shares of FTAI Aviation from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Benchmark reissued a “buy” rating and set a $100.00 target price on shares of FTAI Aviation in a report on Friday, June 7th. JMP Securities raised their target price on shares of FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a report on Monday, April 29th. Stifel Nicolaus raised their price target on shares of FTAI Aviation from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Finally, Barclays raised their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

FTAI Aviation Trading Up 0.8 %

NYSE FTAI opened at $96.45 on Wednesday. The company has a fifty day simple moving average of $88.28 and a two-hundred day simple moving average of $68.86. FTAI Aviation has a 12-month low of $31.51 and a 12-month high of $111.02. The stock has a market cap of $9.67 billion, a P/E ratio of 44.04 and a beta of 2.03.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The business had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $302.07 million. During the same period last year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. As a group, sell-side analysts forecast that FTAI Aviation will post 2.04 earnings per share for the current year.

Insider Activity

In related news, CEO Joseph P. Jr. Adams bought 59,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the transaction, the chief executive officer now directly owns 197,382 shares in the company, valued at $16,185,324. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its position in FTAI Aviation by 37.4% during the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 231 shares during the last quarter. CWM LLC acquired a new position in FTAI Aviation during the fourth quarter worth about $43,000. USA Financial Formulas boosted its position in FTAI Aviation by 1,684.6% during the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 1,533 shares during the last quarter. Tucker Asset Management LLC boosted its position in FTAI Aviation by 726.5% during the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 1,453 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in FTAI Aviation during the fourth quarter worth about $109,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

About FTAI Aviation

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.