FTAI Aviation (NASDAQ:FTAI) Stock Rating Upgraded by Zacks Research

FTAI Aviation (NASDAQ:FTAI) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages have also weighed in on FTAI. BTIG Research raised their price objective on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, March 13th. Citizens Jmp raised their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research report on Thursday, January 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a research report on Monday, February 9th. Royal Bank Of Canada raised their price objective on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, Barclays raised their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation has an average rating of “Buy” and a consensus price target of $295.78.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $235.54 on Wednesday. The company has a 50 day simple moving average of $260.27 and a 200-day simple moving average of $221.52. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The firm has a market capitalization of $24.16 billion, a price-to-earnings ratio of 50.98, a price-to-earnings-growth ratio of 0.86 and a beta of 1.59. FTAI Aviation has a 52-week low of $86.84 and a 52-week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $662.03 million during the quarter, compared to analysts’ expectations of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.FTAI Aviation’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period last year, the company earned $0.84 earnings per share. Equities research analysts predict that FTAI Aviation will post 7.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors have recently bought and sold shares of the business. Capital International Investors boosted its stake in FTAI Aviation by 0.7% during the third quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock worth $2,318,615,000 after buying an additional 94,383 shares in the last quarter. Capital World Investors boosted its stake in shares of FTAI Aviation by 41.1% in the 4th 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 in the last quarter. Rubric Capital Management LP boosted its stake in shares of FTAI Aviation by 10.1% in the 4th quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after purchasing an additional 339,447 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of FTAI Aviation by 10.3% in the 4th quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock valued at $462,721,000 after purchasing an additional 220,384 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of FTAI Aviation by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock valued at $394,757,000 after purchasing an additional 71,271 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

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.