Royal Bank of Canada Boosts FTAI Aviation (NYSE:FTAI) Price Target to $143.00

FTAI Aviation (NYSE:FTAI) had its price objective increased by equities researchers at Royal Bank of Canada from $120.00 to $143.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 13.11% from the company’s current price.

Several other brokerages have also recently weighed in on FTAI. Jefferies Financial Group assumed coverage on FTAI Aviation in a report on Tuesday, June 25th. They issued a “buy” rating and a $120.00 price objective for the company. Benchmark increased their price target on shares of FTAI Aviation from $100.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. JMP Securities raised their target price on shares of FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a research note on Thursday, July 25th. Finally, StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.09.

FTAI Aviation Stock Down 0.3 %

FTAI Aviation stock opened at $126.43 on Thursday. The company’s fifty day simple moving average is $111.58 and its 200-day simple moving average is $89.67. FTAI Aviation has a 12 month low of $32.66 and a 12 month high of $130.52. The stock has a market cap of $12.67 billion, a P/E ratio of 57.73 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $443.59 million during the quarter, compared to the consensus estimate of $361.92 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. On average, equities research analysts expect that FTAI Aviation will post 2.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FTAI. Arcadia Investment Management Corp MI bought a new stake in FTAI Aviation during the second quarter valued at $33,000. Ridgewood Investments LLC bought a new stake in shares of FTAI Aviation during the 2nd quarter valued at about $59,000. Tucker Asset Management LLC boosted its position in shares of FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 1,453 shares in the last quarter. RiverPark Advisors LLC acquired a new stake in FTAI Aviation during the second quarter worth approximately $202,000. Finally, Profund Advisors LLC bought a new stake in FTAI Aviation in the second quarter worth approximately $205,000. 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.