FTAI Aviation (NASDAQ:FTAI) Stock Price Target Cut by Royal Bank Of Canada

FTAI Aviation (NASDAQ:FTAI) had its price objective lowered by Royal Bank Of Canada from $300.00 to $250.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada‘s price objective would indicate a potential upside of 57.98% from the company’s current price.

A number of other equities research analysts have also issued reports on FTAI. Morgan Stanley cut their target price on shares of FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Weiss Ratings downgraded FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Citizens Jmp began coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target for the company. BTIG Research lowered their price objective on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. Finally, Barclays cut their price objective on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 15th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $304.38.

FTAI Aviation Price Performance

NASDAQ FTAI traded down $0.42 during mid-day trading on Wednesday, reaching $158.25. 244,326 shares of the company’s stock traded hands, compared to its average volume of 1,529,300. FTAI Aviation has a 1-year low of $146.48 and a 1-year high of $323.51. The company has a fifty day simple moving average of $180.37 and a 200-day simple moving average of $232.96.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The business had revenue of $953.09 million during the quarter. The business’s quarterly revenue was up 40.9% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. Sell-side analysts expect that FTAI Aviation will post 5.48 earnings per share for the current fiscal year.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, President David Moreno acquired 2,475 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average price of $201.27 per share, with a total value of $498,143.25. Following the transaction, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. This represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently bought and sold shares of FTAI. Root Financial Partners LLC boosted 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 valued at $38,000 after acquiring an additional 45 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of FTAI Aviation by 122.9% in the 1st 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 last quarter. Compound Planning Inc. lifted its holdings in shares of FTAI Aviation by 2.7% in the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 60 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of FTAI Aviation by 142.2% in the 1st 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 last quarter. Finally, SBI Securities Co. Ltd. boosted its position in FTAI Aviation by 55.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 179 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.