FTAI Aviation (NASDAQ:FTAI) Price Target Raised to $350.00

FTAI Aviation (NASDAQ:FTAI) had its price target hoisted by Barclays from $260.00 to $350.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Morgan Stanley boosted their target price on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 price target on shares of FTAI Aviation in a report on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $292.22.

FTAI Aviation Trading Down 1.4%

FTAI opened at $305.80 on Friday. The firm has a market cap of $31.37 billion, a price-to-earnings ratio of 66.19 and a beta of 1.50. FTAI Aviation has a 12 month low of $81.45 and a 12 month high of $323.51. The stock has a fifty day moving average price of $255.98 and a 200-day moving average price of $197.69.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 337.39%. FTAI Aviation’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 EPS. On average, equities research analysts forecast that FTAI Aviation will post 2.2 EPS for the current year.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company boosted its stake in shares of FTAI Aviation by 1.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock worth $877,000 after buying an additional 52 shares during the last quarter. MetLife Investment Management LLC raised its position in FTAI Aviation by 0.9% during the fourth quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock valued at $1,295,000 after acquiring an additional 57 shares in the last quarter. Rossby Financial LCC lifted its holdings in FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 65 shares during the period. Assetmark Inc. lifted its holdings in FTAI Aviation by 11.0% in the third quarter. Assetmark Inc. now owns 708 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 70 shares during the period. Finally, CWM LLC boosted its position in FTAI Aviation by 6.8% in the 3rd quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors 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.