Benchmark Issues Positive Forecast for FTAI Aviation (NYSE:FTAI) Stock Price

FTAI Aviation (NYSE:FTAI) had its price objective hoisted by Benchmark from $150.00 to $300.00 in a report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other brokerages have also weighed in on FTAI. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and increased their target price for the stock from $69.00 to $132.00 in a research report on Friday, July 26th. Deutsche Bank Aktiengesellschaft raised their price objective on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Wolfe Research lowered FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Finally, Citigroup raised their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $162.09.

FTAI Aviation Stock Up 6.0 %

Shares of FTAI traded up $8.02 on Friday, reaching $142.46. The stock had a trading volume of 2,497,481 shares, compared to its average volume of 1,040,113. The firm has a 50-day moving average of $132.60 and a 200 day moving average of $106.29. The firm has a market capitalization of $14.56 billion, a PE ratio of -1,424.60 and a beta of 2.04. FTAI Aviation has a twelve month low of $38.57 and a twelve month high of $149.74.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The company had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter last year, the company posted $0.33 EPS. FTAI Aviation’s quarterly revenue was up 60.0% compared to the same quarter last year. On average, sell-side analysts anticipate that FTAI Aviation will post 2.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Atria Investments Inc lifted its position in shares of FTAI Aviation by 3.9% during the 3rd quarter. Atria Investments Inc now owns 6,630 shares of the financial services provider’s stock valued at $881,000 after acquiring an additional 251 shares during the period. D.B. Root & Company LLC acquired a new position in shares of FTAI Aviation during the 3rd quarter worth $221,000. Concurrent Investment Advisors LLC acquired a new position in shares of FTAI Aviation during the 3rd quarter worth $498,000. Cannon Global Investment Management LLC acquired a new position in shares of FTAI Aviation during the 3rd quarter worth $1,116,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of FTAI Aviation by 191.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 46,799 shares of the financial services provider’s stock worth $6,220,000 after buying an additional 30,731 shares in the last quarter. 88.96% of the stock is currently owned by 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.