FTAI Aviation (NYSE:FTAI) Given New $125.00 Price Target at Deutsche Bank Aktiengesellschaft

FTAI Aviation (NYSE:FTAI) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $120.00 to $125.00 in a report released on Thursday, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also recently issued reports on FTAI. Stifel Nicolaus upped their target price on FTAI Aviation from $59.00 to $66.00 and gave the stock a hold rating in a research report on Monday, April 29th. Benchmark reaffirmed a buy rating and set a $100.00 target price on shares of FTAI Aviation in a research report on Wednesday. JMP Securities increased their price objective on FTAI Aviation from $66.00 to $85.00 and gave the company a market outperform rating in a research report on Monday, April 29th. Compass Point raised their target price on FTAI Aviation from $88.00 to $96.00 and gave the stock a buy rating in a research report on Wednesday, May 29th. Finally, Citigroup raised their target price on FTAI Aviation from $81.00 to $99.00 and gave the stock a buy rating in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $104.23.

FTAI Aviation Stock Up 4.1 %

Shares of FTAI Aviation stock opened at $109.63 on Thursday. The stock has a market capitalization of $10.99 billion, a P/E ratio of 48.10 and a beta of 2.03. The stock has a 50 day moving average price of $93.45 and a two-hundred day moving average price of $72.89. FTAI Aviation has a 12-month low of $31.73 and a 12-month high of $113.98.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $326.70 million for the quarter, compared to the consensus estimate of $302.07 million. FTAI Aviation had a positive return on equity of 156.50% and a negative net margin of 1.50%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS. Sell-side analysts anticipate that FTAI Aviation will post 2.04 earnings per share for the current year.

Insider Activity

In other news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the chief executive officer now directly owns 197,382 shares in the company, valued at $16,185,324. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds have recently added to or reduced their stakes in FTAI. Public Employees Retirement System of Ohio boosted its holdings 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 buying an additional 231 shares during the last quarter. CWM LLC bought a new position in FTAI Aviation during the fourth quarter worth about $43,000. USA Financial Formulas boosted its holdings 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 buying an additional 1,533 shares during the last quarter. Tucker Asset Management LLC boosted its holdings 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 buying an additional 1,453 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in FTAI Aviation during the fourth quarter worth about $109,000. 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.