FTAI Aviation (NYSE:FTAI) Downgraded to “Sell” at StockNews.com

FTAI Aviation (NYSE:FTAI) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other brokerages also recently commented on FTAI. Morgan Stanley raised their target price on FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Barclays lifted their price objective on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Benchmark lifted their price objective on FTAI Aviation from $45.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Stifel Nicolaus restated a “hold” rating and set a $59.00 price objective (up from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.25.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI opened at $71.75 on Friday. The company has a market cap of $7.19 billion, a P/E ratio of 34.17 and a beta of 1.90. FTAI Aviation has a one year low of $26.58 and a one year high of $73.54. The business’s 50-day simple moving average is $60.21 and its 200 day simple moving average is $48.44.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $0.37 by $0.72. The business had revenue of $312.74 million for the quarter, compared to the consensus estimate of $310.04 million. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. Analysts predict that FTAI Aviation will post 2.43 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its position in FTAI Aviation by 37.4% in the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 231 shares in the last quarter. CWM LLC purchased a new position in FTAI Aviation during the 4th quarter valued at about $43,000. KBC Group NV purchased a new position in FTAI Aviation during the 4th quarter valued at about $71,000. Operose Advisors LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter valued at approximately $75,000. Finally, USA Financial Formulas grew its stake in shares of FTAI Aviation by 1,684.6% in the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,533 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

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.