FTAI Aviation (NYSE:FTAI) Stock Price Expected to Rise, BTIG Research Analyst Says

FTAI Aviation (NYSE:FTAI) had its target price increased by investment analysts at BTIG Research from $180.00 to $190.00 in a report released on Tuesday, Marketbeat.com reports. The firm presently has a “buy” rating on the financial services provider’s stock. BTIG Research’s target price would indicate a potential upside of 31.91% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Benchmark boosted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their target price on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Citigroup boosted their price target on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $176.18.

FTAI Aviation Stock Performance

Shares of FTAI opened at $144.04 on Tuesday. FTAI Aviation has a 52-week low of $44.65 and a 52-week high of $177.18. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of -1,440.26 and a beta of 2.06. The business’s fifty day moving average is $149.24 and its 200-day moving average is $128.12.

FTAI Aviation (NYSE:FTAI) last posted 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). The company had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm’s revenue was up 60.0% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. As a group, research analysts forecast that FTAI Aviation will post 2.21 EPS for the current fiscal year.

Hedge Funds Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after buying an additional 61,897 shares during the period. State Street Corp increased its stake in shares of FTAI Aviation by 1.7% in the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after acquiring an additional 38,279 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after acquiring an additional 773,017 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of FTAI Aviation by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after acquiring an additional 182,252 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in FTAI Aviation by 10.0% during the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after acquiring an additional 95,200 shares in the last quarter. Institutional investors and hedge funds 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.