BTIG Research Reaffirms Buy Rating for FTAI Aviation (NASDAQ:FTAI)

FTAI Aviation (NASDAQ:FTAI)‘s stock had its “buy” rating reiterated by analysts at BTIG Research in a report issued on Wednesday,Benzinga reports. They presently have a $230.00 price objective on the financial services provider’s stock. BTIG Research’s price target indicates a potential upside of 47.37% from the stock’s previous close.

Several other brokerages have also recently commented on FTAI. Weiss Ratings restated a “hold (c)” rating on shares of FTAI Aviation in a report on Thursday, November 13th. Royal Bank Of Canada increased their price objective on shares of FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. JMP Securities lifted their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Finally, Morgan Stanley upped their price objective on FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $201.11.

FTAI Aviation Price Performance

FTAI stock opened at $156.07 on Wednesday. The stock has a market capitalization of $16.01 billion, a P/E ratio of 35.63 and a beta of 1.67. FTAI Aviation has a fifty-two week low of $75.06 and a fifty-two week high of $194.36. The business has a 50-day moving average of $169.91 and a 200-day moving average of $142.11.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The firm had revenue of $667.06 million during the quarter, compared to the consensus estimate of $662.51 million. During the same quarter in the previous year, the firm posted $0.76 EPS. The company’s revenue was up 43.2% on a year-over-year basis. Equities analysts expect that FTAI Aviation will post 2.2 EPS for the current year.

Insider Activity at FTAI Aviation

In related news, COO David Moreno acquired 4,354 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the completion of the acquisition, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of FTAI Aviation

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cerity Partners LLC raised its holdings in FTAI Aviation by 176.7% in the 1st quarter. Cerity Partners LLC now owns 4,035 shares of the financial services provider’s stock valued at $448,000 after acquiring an additional 2,577 shares during the period. Private Advisor Group LLC boosted its stake in FTAI Aviation by 3.7% in the 1st quarter. Private Advisor Group LLC now owns 10,265 shares of the financial services provider’s stock valued at $1,140,000 after purchasing an additional 370 shares during the period. IFP Advisors Inc boosted its stake in FTAI Aviation by 115.5% in the 1st quarter. IFP Advisors Inc now owns 681 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 365 shares during the period. Choreo LLC grew its holdings in FTAI Aviation by 13.5% in the 1st quarter. Choreo LLC now owns 2,578 shares of the financial services provider’s stock valued at $286,000 after buying an additional 307 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in FTAI Aviation by 1.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 21,000 shares of the financial services provider’s stock worth $2,332,000 after buying an additional 300 shares during the period. Institutional investors own 88.96% of the company’s stock.

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.