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

FTAI Aviation (NYSE:FTAI) had its price target increased by Barclays from $110.00 to $135.00 in a report released on Friday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price points to a potential downside of 5.24% from the company’s previous close.

FTAI has been the subject of a number of other reports. Stifel Nicolaus upgraded FTAI Aviation from a “hold” rating to a “buy” rating and lifted their target price for the company from $69.00 to $132.00 in a research note on Friday, July 26th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. Royal Bank of Canada reiterated a “buy” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Citigroup upped their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, JMP Securities lifted their price objective on shares of FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Trading Up 6.0 %

FTAI stock opened at $142.46 on Friday. The firm has a market cap of $14.56 billion, a P/E ratio of -1,424.46 and a beta of 2.04. The stock’s 50 day simple moving average is $132.60 and its 200 day simple moving average is $106.29. FTAI Aviation has a 12-month low of $38.57 and a 12-month high of $149.74.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results 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). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same quarter in the previous year, the business posted $0.33 earnings per share. The company’s quarterly revenue was up 60.0% compared to the same quarter last year. On average, research analysts forecast that FTAI Aviation will post 2.17 EPS for the current fiscal year.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors have recently added to or reduced their stakes in FTAI. Foundations Investment Advisors LLC raised its stake 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 in the last quarter. Farther Finance Advisors LLC raised 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 lifted its holdings in FTAI Aviation by 2.0% in the 2nd 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. lifted its holdings in FTAI Aviation by 4.1% in the 2nd quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock valued at $648,000 after acquiring an additional 248 shares during the last quarter. Finally, Atria Investments Inc boosted its position in shares of FTAI Aviation by 3.9% during the 3rd quarter. Atria Investments Inc now owns 6,630 shares of the financial services provider’s stock valued at $881,000 after purchasing an additional 251 shares in the last quarter. 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.