FTAI Aviation (NYSE:FTAI) Price Target Raised to $181.00

FTAI Aviation (NYSE:FTAI) had its target price raised by equities research analysts at Compass Point from $175.00 to $181.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Compass Point’s price target suggests a potential upside of 42.90% from the company’s current price.

Other analysts have also issued research reports about the stock. BTIG Research assumed coverage on shares of FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 target price for the company. 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. Barclays upped their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Citigroup increased their price target on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Benchmark increased their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $168.45.

FTAI Aviation Stock Down 2.7 %

FTAI opened at $126.66 on Tuesday. The firm has a market capitalization of $12.99 billion, a P/E ratio of -1,266.47 and a beta of 2.06. The stock’s 50 day moving average price is $151.61 and its two-hundred day moving average price is $124.70. FTAI Aviation has a 12-month low of $44.49 and a 12-month high of $177.18.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, analysts anticipate that FTAI Aviation will post 2.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Brookstone Capital Management purchased a new position in shares of FTAI Aviation in the 2nd quarter worth $222,000. SeaCrest Wealth Management LLC purchased a new stake in FTAI Aviation during the 2nd quarter valued at $300,000. Highland Capital Management LLC bought a new stake in shares of FTAI Aviation in the 2nd quarter worth about $248,000. Bank of New York Mellon Corp lifted its stake in FTAI Aviation by 18.7% in the second quarter. Bank of New York Mellon Corp now owns 404,919 shares of the financial services provider’s stock worth $41,800,000 after purchasing an additional 63,737 shares during the last quarter. Finally, RiverPark Advisors LLC bought a new position in FTAI Aviation in the 2nd quarter valued at $202,000. Institutional investors own 88.96% of the company’s stock.

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.