FTAI Aviation (NASDAQ:FTAI) Price Target Raised to $400.00 at BTIG Research

FTAI Aviation (NASDAQ:FTAI) had its price target lifted by BTIG Research from $340.00 to $400.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. BTIG Research’s target price points to a potential upside of 78.13% from the company’s previous close.

Other analysts have also recently issued reports about the company. Zacks Research cut FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd. Citizens Jmp assumed coverage on FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $319.00 target price on shares of FTAI Aviation in a research note on Friday, May 8th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $340.62.

FTAI Aviation Stock Up 6.8%

Shares of NASDAQ FTAI traded up $14.30 during midday trading on Wednesday, hitting $224.55. The company’s stock had a trading volume of 1,372,536 shares, compared to its average volume of 1,515,827. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. The firm has a market capitalization of $23.03 billion, a price-to-earnings ratio of 44.55, a price-to-earnings-growth ratio of 0.80 and a beta of 1.46. The business’s fifty day simple moving average is $244.27 and its two-hundred day simple moving average is $254.51. FTAI Aviation has a 1 year low of $109.90 and a 1 year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). The business had revenue of $830.70 million for the quarter. FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 earnings per share. On average, equities analysts predict that FTAI Aviation will post 6.77 EPS for the current year.

Insiders Place Their Bets

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares of the company’s stock, valued at $764,716.68. The trade was a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Martin Tuchman sold 67,500 shares of FTAI Aviation stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the sale, the director directly owned 210,491 shares of the company’s stock, valued at $50,936,717.09. This trade represents a 24.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is owned by insiders.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors have recently added to or reduced their stakes in FTAI. Doliver Advisors LP acquired a new position in FTAI Aviation in the second quarter valued at approximately $989,000. Handelsbanken Fonder AB raised its holdings in FTAI Aviation by 2.2% during the second quarter. Handelsbanken Fonder AB now owns 33,320 shares of the financial services provider’s stock worth $9,014,000 after purchasing an additional 720 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of FTAI Aviation by 60.3% during the 2nd quarter. Fulton Bank N.A. now owns 3,123 shares of the financial services provider’s stock worth $845,000 after buying an additional 1,175 shares during the last quarter. Wealth Science Advisors LLC lifted its position in shares of FTAI Aviation by 14.1% during the 2nd quarter. Wealth Science Advisors LLC now owns 1,326 shares of the financial services provider’s stock worth $359,000 after buying an additional 164 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of FTAI Aviation in the 2nd quarter valued at $557,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.