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

FTAI Aviation (NASDAQ:FTAI) had its target price upped by investment analysts at BTIG Research from $340.00 to $400.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. BTIG Research’s price target suggests a potential upside of 84.49% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Zacks Research cut shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a research note on Friday, May 8th. Citizens Jmp initiated coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 target price on the stock. Finally, Jefferies Financial Group reissued a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a research note on Sunday, May 3rd. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $340.62.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $216.81 on Wednesday. The business’s fifty day moving average is $242.53 and its two-hundred day moving average is $254.73. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The firm has a market cap of $22.24 billion, a P/E ratio of 43.02, a P/E/G ratio of 0.90 and a beta of 1.46. FTAI Aviation has a 52 week low of $109.90 and a 52 week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $830.70 million during the quarter. During the same period in the previous year, the business posted $0.87 EPS. The business’s quarterly revenue was up 65.4% compared to the same quarter last year. Equities research analysts forecast that FTAI Aviation will post 6.77 earnings per share for the current fiscal year.

Insider Activity

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the completion of the sale, the director directly owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. The trade was a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Martin Tuchman sold 143,584 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the transaction, the director owned 236,302 shares in the company, valued at approximately $57,289,056.88. The trade was a 37.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 254,515 shares of company stock worth $61,599,445. 1.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors have recently modified their holdings of the business. Capital World Investors lifted its holdings in FTAI Aviation by 41.1% in the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after buying an additional 2,596,265 shares during the period. Rubric Capital Management LP grew its holdings in FTAI Aviation by 10.1% during the 4th quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $728,345,000 after acquiring an additional 339,447 shares during the period. Westfield Capital Management Co. LP grew its holdings in FTAI Aviation by 10.3% during the 4th quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock worth $462,721,000 after acquiring an additional 220,384 shares during the period. Geode Capital Management LLC raised its position in shares of FTAI Aviation by 3.7% during 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 acquiring an additional 71,271 shares during the last quarter. Finally, State Street Corp raised its position in shares of FTAI Aviation by 1.2% during the 4th quarter. State Street Corp now owns 1,745,498 shares of the financial services provider’s stock valued at $343,601,000 after acquiring an additional 20,378 shares during the last quarter. Institutional investors and hedge funds 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.