Wolfe Research Upgrades FTAI Aviation (NYSE:FTAI) to Outperform

FTAI Aviation (NYSE:FTAI) was upgraded by investment analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report released on Friday, MarketBeat.com reports. The brokerage presently has a $190.00 price target on the financial services provider’s stock. Wolfe Research’s target price would suggest a potential upside of 9.18% from the company’s current price.

Several other research firms have also commented on FTAI. Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Citigroup raised their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. BTIG Research upped their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Benchmark increased their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.33.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $174.02 on Friday. FTAI Aviation has a 1 year low of $46.88 and a 1 year high of $181.64. The stock has a market cap of $17.85 billion, a PE ratio of -1,740.03 and a beta of 2.09. The firm has a fifty day moving average price of $151.83 and a 200 day moving average price of $131.42.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the previous year, the business posted $0.33 EPS. The business’s quarterly revenue was up 60.0% on a year-over-year basis. As a group, equities analysts expect that FTAI Aviation will post 2.21 EPS for the current year.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new stake in FTAI Aviation in the 3rd quarter valued at about $26,000. Anchor Investment Management LLC acquired a new stake in shares of FTAI Aviation in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its position in FTAI Aviation by 118.1% during the third 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. Everence Capital Management Inc. purchased a new position in FTAI Aviation during the fourth quarter worth approximately $203,000. Finally, Raymond James Trust N.A. acquired a new position in FTAI Aviation during the third quarter worth $200,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.