FTAI Aviation (NYSE:FTAI) Price Target Raised to $132.00 at JMP Securities

FTAI Aviation (NYSE:FTAI) had its price target lifted by research analysts at JMP Securities from $90.00 to $132.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price target indicates a potential upside of 22.76% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Citigroup boosted their price objective on shares of FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Stifel Nicolaus boosted their price objective on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Royal Bank of Canada boosted their target price on shares of FTAI Aviation from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays boosted their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.23.

FTAI Aviation Price Performance

Shares of NYSE FTAI traded down $1.72 during trading on Thursday, hitting $107.53. 1,235,446 shares of the company were exchanged, compared to its average volume of 1,001,214. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 49.10 and a beta of 2.03. FTAI Aviation has a 1 year low of $31.73 and a 1 year high of $113.98. The firm’s fifty day moving average price is $92.91 and its 200 day moving average price is $72.66.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a positive return on equity of 156.50% and a negative net margin of 1.50%. The business had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. During the same quarter in the prior year, the firm earned $0.22 earnings per share. FTAI Aviation’s quarterly revenue was up 11.6% on a year-over-year basis. On average, research analysts forecast that FTAI Aviation will post 2.04 earnings per share for the current year.

Insider Activity

In other FTAI Aviation news, CEO Joseph P. Jr. Adams bought 59,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the transaction, the chief executive officer now owns 197,382 shares in the company, valued at $16,185,324. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently made changes to their positions in FTAI. Capital International Investors purchased a new position in shares of FTAI Aviation during the 1st quarter valued at approximately $274,052,000. CIBC Private Wealth Group LLC raised its position in shares of FTAI Aviation by 90.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after acquiring an additional 1,359,302 shares in the last quarter. Norges Bank acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at approximately $55,039,000. Price T Rowe Associates Inc. MD raised its position in shares of FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after acquiring an additional 813,311 shares in the last quarter. Finally, Pingora Partners LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at approximately $29,147,000. 88.96% of the stock is currently owned by hedge funds and other 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.