FTAI Aviation (NASDAQ:FTAI) Given New $325.00 Price Target at Citizens Jmp

FTAI Aviation (NASDAQ:FTAI) had its target price increased by Citizens Jmp from $230.00 to $325.00 in a research note released on Thursday morning,Benzinga reports. They currently have a market outperform rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the stock. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a research report on Thursday. Zacks Research upgraded shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Barclays lifted their price target on shares of FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Morgan Stanley lifted their target price on FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.11.

FTAI Aviation Stock Up 0.1%

Shares of FTAI Aviation stock opened at $276.01 on Thursday. FTAI Aviation has a twelve month low of $81.45 and a twelve month high of $310.00. The company’s 50 day moving average is $209.24 and its 200 day moving average is $173.92. The company has a market cap of $28.31 billion, a price-to-earnings ratio of 63.02 and a beta of 1.54.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The firm had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. During the same period in the previous year, the company earned $0.76 earnings per share. FTAI Aviation’s quarterly revenue was up 43.2% compared to the same quarter last year. Sell-side analysts expect that FTAI Aviation will post 2.2 EPS for the current fiscal year.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, COO David Moreno purchased 4,354 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were acquired at an average cost of $153.89 per share, with a total value of $670,037.06. Following the completion of the acquisition, the chief operating officer directly owned 4,354 shares in the company, valued at $670,037.06. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Trading of FTAI Aviation

Institutional investors have recently made changes to their positions in the business. Ensign Peak Advisors Inc raised its position in shares of FTAI Aviation by 67.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after buying an additional 1,238,294 shares in the last quarter. Norges Bank bought a new stake in FTAI Aviation during the second quarter worth approximately $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in FTAI Aviation by 1,678.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock valued at $131,208,000 after purchasing an additional 1,076,416 shares during the period. Capital World Investors lifted its stake in shares of FTAI Aviation by 17.3% in the 3rd quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock valued at $1,054,649,000 after purchasing an additional 933,944 shares during the last quarter. Finally, Northern Right Capital Management L.P. boosted its holdings in shares of FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after purchasing an additional 795,675 shares during the period. 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.