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

FTAI Aviation (NYSE:FTAI) had its price target increased by investment analysts at Stifel Nicolaus from $156.00 to $167.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 15.94% from the company’s current price.

A number of other research firms also recently commented on FTAI. Compass Point upped their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research report on Friday, November 1st. Benchmark boosted their price objective on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Barclays increased 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. Finally, BTIG Research boosted their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $176.18.

FTAI Aviation Trading Up 13.9 %

Shares of NYSE FTAI opened at $144.04 on Tuesday. FTAI Aviation has a 1 year low of $44.65 and a 1 year high of $177.18. The firm’s 50-day moving average is $149.24 and its 200-day moving average is $128.12. The firm has a market capitalization of $14.77 billion, a PE ratio of -1,440.26 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (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 the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. FTAI Aviation’s revenue was up 60.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 earnings per share. As a group, equities research analysts anticipate that FTAI Aviation will post 2.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FTAI Aviation

Large investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after purchasing an additional 924,730 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after acquiring an additional 773,017 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of FTAI Aviation by 14,553.9% in the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after acquiring an additional 560,179 shares during the last quarter. Victory Capital Management Inc. raised its holdings in FTAI Aviation by 229.9% during the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock worth $50,530,000 after acquiring an additional 264,971 shares in the last quarter. Finally, Vantage Investment Partners LLC acquired a new position in FTAI Aviation during the third quarter valued at approximately $32,769,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.