FTAI Aviation (NYSE:FTAI) Stock Price Expected to Rise, Benchmark Analyst Says

FTAI Aviation (NYSE:FTAI) had its price target boosted by investment analysts at Benchmark from $150.00 to $300.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Benchmark’s target price points to a potential upside of 110.59% from the company’s current price.

A number of other research analysts have also weighed in on FTAI. BTIG Research started coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They issued a “buy” rating and a $140.00 target price on the stock. Stifel Nicolaus raised 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. Citigroup raised their target price on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Finally, Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and a consensus target price of $162.09.

FTAI Aviation Stock Performance

NYSE FTAI opened at $142.46 on Friday. The business has a fifty day moving average price of $132.60 and a 200 day moving average price of $106.29. The company has a market cap of $14.56 billion, a P/E ratio of -1,424.60 and a beta of 2.04. FTAI Aviation has a one year low of $38.57 and a one year high of $149.74.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. FTAI Aviation’s quarterly revenue was up 60.0% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. As a group, sell-side analysts predict that FTAI Aviation will post 2.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FTAI. Foundations Investment Advisors LLC lifted its position in shares of FTAI Aviation by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 145 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares in the last quarter. Hsbc Holdings PLC boosted its position in FTAI Aviation by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock valued at $1,163,000 after buying an additional 216 shares during the period. Xponance Inc. grew its stake in shares of FTAI Aviation by 4.1% in the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 248 shares in the last quarter. Finally, Atria Investments Inc increased its position in shares of FTAI Aviation by 3.9% during the third quarter. Atria Investments Inc now owns 6,630 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 251 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.