Barclays Issues Positive Forecast for FTAI Aviation (NASDAQ:FTAI) Stock Price

FTAI Aviation (NASDAQ:FTAI) had its price target increased by equities researchers at Barclays from $260.00 to $350.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price objective indicates a potential upside of 11.74% from the company’s previous close.

FTAI has been the subject of several other research reports. Royal Bank Of Canada upped their price target on shares of FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Morgan Stanley boosted their price objective on FTAI Aviation from $220.00 to $266.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Wolfe Research reissued an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Citizens Jmp raised their target price on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a research report on Thursday, January 29th. Finally, Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research report on Thursday, January 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $292.22.

FTAI Aviation Stock Performance

FTAI Aviation stock traded up $3.19 during trading on Friday, reaching $313.23. The company had a trading volume of 366,254 shares, compared to its average volume of 1,782,430. The firm’s 50-day simple moving average is $253.24 and its 200 day simple moving average is $195.78. FTAI Aviation has a 1-year low of $81.45 and a 1-year high of $323.51. The firm has a market capitalization of $32.13 billion, a PE ratio of 67.80 and a beta of 1.53.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a return on equity of 337.39% and a net margin of 19.98%.The business’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.84 earnings per share. Analysts anticipate that FTAI Aviation will post 2.2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. LDR Capital Management LLC purchased a new position in FTAI Aviation during the third quarter worth approximately $1,102,000. Diversified Trust Co purchased a new stake in FTAI Aviation in the 3rd quarter valued at $2,846,000. Asset Management One Co. Ltd. acquired a new stake in shares of FTAI Aviation in the 3rd quarter worth $2,056,000. Hiddenite Capital Partners LP increased its stake in shares of FTAI Aviation by 12.9% in the 3rd quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock worth $13,182,000 after acquiring an additional 9,000 shares during the last quarter. Finally, Red Door Wealth Management LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter worth $1,471,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.