Royal Bank Of Canada Issues Pessimistic Forecast for FTAI Aviation (NASDAQ:FTAI) Stock Price

FTAI Aviation (NASDAQ:FTAI) had its target price reduced by investment analysts at Royal Bank Of Canada from $350.00 to $300.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s price target points to a potential upside of 35.96% from the stock’s current price.

FTAI has been the subject of a number of other research reports. Jefferies Financial Group reissued a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. BTIG Research lifted their price objective on FTAI Aviation from $340.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Zacks Research lowered FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Citizens Jmp initiated coverage on FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $334.38.

FTAI Aviation Price Performance

NASDAQ FTAI traded up $4.68 on Monday, hitting $220.66. The company had a trading volume of 104,756 shares, compared to its average volume of 1,506,554. The company has a market capitalization of $22.64 billion, a PE ratio of 43.78, a PEG ratio of 0.87 and a beta of 1.46. The company’s fifty day moving average price is $242.09 and its 200-day moving average price is $254.66. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48. FTAI Aviation has a 12-month low of $113.43 and a 12-month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). The company 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 business’s revenue for the quarter was up 65.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 EPS. As a group, analysts predict that FTAI Aviation will post 6.77 earnings per share for the current year.

Insider Activity

In other FTAI Aviation news, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the transaction, the director directly owned 236,302 shares of the company’s stock, valued at $57,289,056.88. The trade was a 37.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the director directly owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 254,515 shares of company stock worth $61,599,445. Corporate insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Capital World Investors raised its position in FTAI Aviation by 41.1% in the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after purchasing an additional 2,596,265 shares during the period. Norges Bank purchased a new position in shares of FTAI Aviation during the fourth quarter worth $262,393,000. Northern Right Capital Management L.P. boosted its position in shares of FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after buying an additional 795,675 shares during the period. Rubric Capital Management LP grew its stake in shares of FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock valued at $390,455,000 after buying an additional 749,080 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in shares of FTAI Aviation by 249.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 617,802 shares of the financial services provider’s stock valued at $121,614,000 after buying an additional 440,767 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.