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

FTAI Aviation (NYSE:FTAI) had its target price boosted by Compass Point from $175.00 to $181.00 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. Compass Point’s target price indicates a potential upside of 44.49% from the company’s previous close.

Several other analysts also recently weighed in on FTAI. BTIG Research started coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Friday, November 1st. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, Benchmark boosted their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $168.45.

FTAI Aviation Stock Performance

FTAI traded down $5.37 during midday trading on Tuesday, hitting $125.27. The stock had a trading volume of 506,836 shares, compared to its average volume of 1,057,471. The company has a market cap of $12.85 billion, a P/E ratio of -1,260.50 and a beta of 2.06. FTAI Aviation has a 1 year low of $44.15 and a 1 year high of $177.18. The business has a fifty day moving average of $152.30 and a 200 day moving average of $124.36.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the previous year, the business earned $0.33 EPS. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. On average, equities research analysts anticipate that FTAI Aviation will post 2.21 earnings per share for the current year.

Hedge Funds Weigh In On FTAI Aviation

Several large investors have recently made changes to their positions in FTAI. American Century Companies Inc. increased its position in FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after buying an additional 924,730 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of FTAI Aviation by 87.1% during the third 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 raised its position in shares of FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after purchasing an additional 560,179 shares during the last quarter. Victory Capital Management Inc. boosted its stake in FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock worth $50,530,000 after purchasing an additional 264,971 shares in the last quarter. Finally, Vantage Investment Partners LLC purchased a new stake in FTAI Aviation during the 3rd quarter valued at about $32,769,000. 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.