FTAI Aviation (NYSE:FTAI) Rating Increased to Sell at StockNews.com

FTAI Aviation (NYSE:FTAI) was upgraded by research analysts at StockNews.com to a “sell” rating in a research report issued on Tuesday.

A number of other analysts also recently commented on the stock. Barclays boosted their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Compass Point upped their price target on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft raised their price objective on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Benchmark lifted their target price on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus upped their target price on FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $177.33.

FTAI Aviation Stock Performance

Shares of NYSE FTAI opened at $112.38 on Tuesday. FTAI Aviation has a 1 year low of $48.63 and a 1 year high of $181.64. The firm has a market cap of $11.52 billion, a P/E ratio of -1,123.69 and a beta of 2.09. The stock has a fifty day moving average price of $149.45 and a two-hundred day moving average price of $132.67.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same period in the prior year, the business earned $0.33 EPS. The company’s quarterly revenue was up 60.0% compared to the same quarter last year. On average, research analysts predict that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently modified their holdings of FTAI. Geode Capital Management LLC grew its stake in shares of FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after buying an additional 61,897 shares in the last quarter. State Street Corp grew its position in FTAI Aviation by 1.7% in the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock worth $308,999,000 after acquiring an additional 38,279 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of FTAI Aviation by 87.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after purchasing an additional 773,017 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of FTAI Aviation by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after purchasing an additional 182,252 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of FTAI Aviation by 10.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock valued at $139,359,000 after purchasing an additional 95,200 shares during the last quarter. 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.