FTAI Aviation (NYSE:FTAI) Shares Gap Up on Analyst Upgrade

FTAI Aviation Ltd. (NYSE:FTAI)’s share price gapped up prior to trading on Friday after Benchmark raised their price target on the stock from $150.00 to $300.00. The stock had previously closed at $134.44, but opened at $148.90. Benchmark currently has a buy rating on the stock. FTAI Aviation shares last traded at $145.35, with a volume of 527,306 shares trading hands.

Several other equities research analysts have also recently weighed in on FTAI. Wolfe Research cut shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Barclays lifted their price objective on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $69.00 to $132.00 in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.09.

Institutional Investors Weigh In On FTAI Aviation

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

FTAI Aviation Trading Up 6.0 %

The stock has a market capitalization of $14.56 billion, a PE ratio of -1,424.60 and a beta of 2.04. The business has a fifty day moving average price of $132.60 and a 200-day moving average price of $106.29.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 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 return on equity of 198.02% and a net margin of 1.59%. FTAI Aviation’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 earnings per share. On average, equities analysts anticipate that FTAI Aviation Ltd. will post 2.17 earnings per share for the current fiscal year.

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.