FTAI Aviation’s (FTAI) “Buy” Rating Reaffirmed at Benchmark

FTAI Aviation (NYSE:FTAI)‘s stock had its “buy” rating restated by research analysts at Benchmark in a research note issued on Thursday, Benzinga reports. They currently have a $100.00 target price on the financial services provider’s stock. Benchmark’s price objective suggests a potential upside of 34.44% from the company’s current price.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus raised their price objective on FTAI Aviation from $59.00 to $66.00 and gave the company a “hold” rating in a research note on Monday. JMP Securities upped their price target on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a “market outperform” rating in a report on Monday. Compass Point boosted their price objective on shares of FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, April 26th. StockNews.com lowered FTAI Aviation from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Finally, Morgan Stanley boosted their target price on FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.17.

FTAI Aviation Trading Up 1.6 %

Shares of FTAI stock traded up $1.18 during trading hours on Thursday, reaching $74.38. The stock had a trading volume of 296,930 shares, compared to its average volume of 871,621. The stock’s fifty day simple moving average is $65.04 and its 200 day simple moving average is $52.11. The firm has a market capitalization of $7.46 billion, a PE ratio of 33.83 and a beta of 1.90. FTAI Aviation has a 12 month low of $26.82 and a 12 month high of $74.99.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). The company had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share. As a group, equities research analysts anticipate that FTAI Aviation will post 2.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC acquired a new position in shares of FTAI Aviation during the 1st quarter worth about $1,111,000. Diversify Advisory Services LLC acquired a new position in FTAI Aviation in the 1st quarter valued at $240,000. Private Advisor Group LLC boosted its stake in FTAI Aviation by 10.7% during the 1st quarter. Private Advisor Group LLC now owns 12,654 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 1,221 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of FTAI Aviation by 1.2% in the first quarter. Principal Financial Group Inc. now owns 99,250 shares of the financial services provider’s stock valued at $6,680,000 after buying an additional 1,154 shares during the last quarter. Finally, K.J. Harrison & Partners Inc lifted its stake in shares of FTAI Aviation by 2.5% in the first quarter. K.J. Harrison & Partners Inc now owns 41,000 shares of the financial services provider’s stock worth $2,759,000 after buying an additional 1,000 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.