FTAI Aviation (NYSE:FTAI) Earns Outperform Rating from Analysts at Royal Bank of Canada

Investment analysts at Royal Bank of Canada began coverage on shares of FTAI Aviation (NYSE:FTAI) in a research note issued on Friday, Marketbeat reports. The brokerage set an “outperform” rating and a $85.00 price target on the financial services provider’s stock. Royal Bank of Canada’s price target indicates a potential upside of 8.53% from the company’s current price.

A number of other analysts have also weighed in on the company. Morgan Stanley upped their price objective on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Barclays upped their price target on FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Benchmark reiterated a “buy” rating and issued a $100.00 price objective on shares of FTAI Aviation in a research note on Thursday. Stifel Nicolaus upped their target price on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Finally, StockNews.com cut shares of FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.95.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $78.32 on Friday. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 35.76 and a beta of 1.90. The business has a 50-day moving average of $65.87 and a 200 day moving average of $52.70. FTAI Aviation has a 12 month low of $26.82 and a 12 month high of $79.60.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data 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 business had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. Equities research analysts anticipate that FTAI Aviation will post 1.88 earnings per share for the current year.

Hedge Funds Weigh In On FTAI Aviation

Several large investors have recently bought and sold shares of FTAI. Sequoia Financial Advisors LLC acquired a new stake in shares of FTAI Aviation in the first quarter valued at approximately $1,111,000. Diversify Advisory Services LLC purchased a new stake in FTAI Aviation in the 1st quarter valued at $240,000. Private Advisor Group LLC boosted its stake in FTAI Aviation by 10.7% during the 1st quarter. Private Advisor Group LLC now owns 12,654 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 1,221 shares during the period. Principal Financial Group Inc. grew its position in FTAI Aviation by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 99,250 shares of the financial services provider’s stock worth $6,680,000 after purchasing an additional 1,154 shares during the last quarter. Finally, K.J. Harrison & Partners Inc grew its position in FTAI Aviation by 2.5% during the 1st quarter. K.J. Harrison & Partners Inc now owns 41,000 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds 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.