FTAI Aviation Ltd. (NYSE:FTAI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have received an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $171.75.

FTAI has been the subject of several recent analyst reports. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Citigroup lifted their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Friday, January 10th. Finally, Benchmark raised their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

FTAI Aviation Trading Up 6.5 %

Shares of FTAI stock opened at $103.35 on Friday. The firm’s fifty day simple moving average is $138.26 and its 200 day simple moving average is $131.90. The firm has a market capitalization of $10.60 billion, a P/E ratio of -1,033.40 and a beta of 2.09. FTAI Aviation has a 1 year low of $52.02 and a 1 year high of $181.64.

FTAI Aviation (NYSE:FTAI) last posted its earnings results 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 business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue was up 60.0% compared to the same quarter last year. Equities research analysts anticipate that FTAI Aviation will post 2.21 EPS for the current fiscal year.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its position in shares of FTAI Aviation by 25.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,681 shares of the financial services provider’s stock worth $3,374,000 after purchasing an additional 6,599 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in FTAI Aviation by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 50,701 shares of the financial services provider’s stock worth $5,234,000 after purchasing an additional 1,760 shares during the period. Algert Global LLC acquired a new stake in FTAI Aviation during the second quarter worth about $1,042,000. Creative Planning raised its position in shares of FTAI Aviation by 19.9% in the 2nd quarter. Creative Planning now owns 16,435 shares of the financial services provider’s stock valued at $1,697,000 after buying an additional 2,733 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of FTAI Aviation by 74.1% during the 2nd quarter. Cetera Investment Advisers now owns 11,907 shares of the financial services provider’s stock worth $1,229,000 after acquiring an additional 5,069 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

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.