FTAI Aviation (NASDAQ:FTAI) Stock Rating Upgraded by Zacks Research

FTAI Aviation (NASDAQ:FTAI) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on FTAI. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Friday, May 2nd. Morgan Stanley lifted their price target on FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday. Citizens Jmp raised FTAI Aviation to a “strong-buy” rating in a report on Thursday, May 8th. Citigroup reissued a “buy” rating on shares of FTAI Aviation in a report on Thursday, July 10th. Finally, JMP Securities boosted their target price on FTAI Aviation from $180.00 to $205.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $179.50.

FTAI Aviation Trading Up 4.1%

FTAI opened at $146.09 on Wednesday. The business’s 50 day moving average is $125.63 and its 200-day moving average is $116.26. The stock has a market cap of $14.98 billion, a PE ratio of 36.16 and a beta of 1.61. FTAI Aviation has a twelve month low of $75.06 and a twelve month high of $181.64.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.24. The company had revenue of $676.24 million for the quarter, compared to analysts’ expectations of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The business’s revenue for the quarter was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.26) earnings per share. As a group, analysts forecast that FTAI Aviation will post 2.2 EPS for the current year.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in FTAI Aviation during the 2nd quarter worth approximately $211,000. Hudson Bay Capital Management LP purchased a new position in FTAI Aviation during the 2nd quarter worth approximately $1,531,000. Headlands Technologies LLC purchased a new position in FTAI Aviation during the 2nd quarter worth approximately $196,000. Tower Research Capital LLC TRC grew its position in FTAI Aviation by 983.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 27,768 shares of the financial services provider’s stock worth $3,194,000 after purchasing an additional 25,206 shares in the last quarter. Finally, Two Sigma Securities LLC purchased a new position in FTAI Aviation during the 2nd quarter worth approximately $2,221,000. 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.