Morgan Stanley Increases FTAI Aviation (NYSE:FTAI) Price Target to $105.00

FTAI Aviation (NYSE:FTAIGet Free Report) had its price target upped by Morgan Stanley from $85.00 to $105.00 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 24.17% from the company’s current price.

A number of other equities analysts have also weighed in on the company. StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Thursday, June 6th. Compass Point boosted their price objective on FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. JMP Securities boosted their price objective on FTAI Aviation from $66.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Monday, April 29th. Benchmark reissued a “buy” rating and set a $100.00 price objective on shares of FTAI Aviation in a research note on Friday, June 7th. Finally, Citigroup upped their price target on FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $81.05.

Check Out Our Latest Stock Analysis on FTAI Aviation

FTAI Aviation Stock Performance

Shares of FTAI opened at $84.56 on Thursday. FTAI Aviation has a one year low of $27.94 and a one year high of $88.64. The stock has a market capitalization of $8.48 billion, a price-to-earnings ratio of 38.61 and a beta of 1.95. The stock has a 50 day moving average price of $77.31 and a 200 day moving average price of $61.16.

FTAI Aviation (NYSE:FTAIGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). The firm had revenue of $326.70 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share. On average, analysts predict that FTAI Aviation will post 2.05 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Joseph P. Jr. Adams bought 59,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now owns 197,382 shares in the company, valued at $16,185,324. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FTAI Aviation

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its holdings in FTAI Aviation by 37.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 231 shares during the period. CWM LLC purchased a new stake in FTAI Aviation during the 4th quarter worth about $43,000. Operose Advisors LLC purchased a new stake in FTAI Aviation during the 3rd quarter worth about $75,000. USA Financial Formulas increased its holdings in FTAI Aviation by 1,684.6% during the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,533 shares during the period. Finally, Tucker Asset Management LLC increased its holdings in FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,453 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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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.

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