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

FTAI Aviation (NASDAQ:FTAI) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

FTAI has been the topic of a number of other reports. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 price objective on shares of FTAI Aviation in a report on Sunday, May 3rd. Royal Bank Of Canada upped their price objective on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Barclays upped their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, BTIG Research upped their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, FTAI Aviation has an average rating of “Moderate Buy” and an average target price of $326.88.

FTAI Aviation Stock Up 2.3%

NASDAQ FTAI opened at $252.13 on Thursday. The stock’s 50 day moving average is $246.20 and its 200 day moving average is $231.75. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. FTAI Aviation has a 12 month low of $108.47 and a 12 month high of $323.51. The stock has a market cap of $25.86 billion, a PE ratio of 50.03, a P/E/G ratio of 0.99 and a beta of 1.49.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business had revenue of $830.70 million during the quarter. During the same quarter in the previous year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 65.4% compared to the same quarter last year. Research analysts predict that FTAI Aviation will post 6.77 EPS for the current fiscal year.

Insider Transactions at FTAI Aviation

In related news, Director Martin Tuchman sold 67,500 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the sale, the director directly owned 210,491 shares in the company, valued at $50,936,717.09. This trade represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 254,260 shares of company stock valued at $61,534,703 in the last ninety days. 1.35% of the stock is owned by company insiders.

Institutional Trading of FTAI Aviation

Hedge funds and other institutional investors have recently bought and sold shares of the business. SJS Investment Consulting Inc. increased its stake in FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares during the period. Meeder Asset Management Inc. increased its stake in FTAI Aviation by 142.2% in the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in FTAI Aviation in the fourth quarter worth $30,000. Root Financial Partners LLC increased its stake in FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 45 shares during the period. Finally, Greenline Wealth Management LLC bought a new position in FTAI Aviation in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.