Wall Street Zen Upgrades FTAI Aviation (NASDAQ:FTAI) to “Buy”

FTAI Aviation (NASDAQ:FTAI) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

FTAI has been the topic of a number of other reports. Citigroup restated a “buy” rating on shares of FTAI Aviation in a report on Thursday, July 10th. JMP Securities increased their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a report on Wednesday, August 6th. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Royal Bank Of Canada lifted their price target on FTAI Aviation from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, BTIG Research increased their price objective on FTAI Aviation from $190.00 to $230.00 and gave the company a “buy” rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $182.83.

FTAI Aviation Price Performance

FTAI stock opened at $164.87 on Friday. The business’s 50-day moving average is $149.10 and its two-hundred day moving average is $124.53. The firm has a market capitalization of $16.91 billion, a P/E ratio of 40.81 and a beta of 1.65. FTAI Aviation has a 1 year low of $75.06 and a 1 year high of $184.44.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.24. The business had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The business’s revenue for the quarter was up 52.4% on a year-over-year basis. During the same period in the previous year, the company posted ($2.26) earnings per share. On average, analysts expect that FTAI Aviation will post 2.2 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider’s stock valued at $25,000 after buying an additional 181 shares during the last quarter. Virtus Advisers LLC acquired a new position in shares of FTAI Aviation in the 1st quarter valued at $29,000. Parallel Advisors LLC raised its position in FTAI Aviation by 78.5% in the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in FTAI Aviation during the 1st quarter worth $34,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in FTAI Aviation during the 4th quarter worth $61,000. Hedge funds and other 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.