FTAI Aviation (NASDAQ:FTAI) Price Target Cut to $300.00 by Analysts at Royal Bank Of Canada

FTAI Aviation (NASDAQ:FTAI) had its price target lowered by Royal Bank Of Canada from $350.00 to $300.00 in a research report released on Monday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the financial services provider’s stock.

Several other brokerages have also recently issued reports on FTAI. Weiss Ratings raised shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. BTIG Research lifted their target price on shares of FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Citizens Jmp initiated coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price on the stock. Morgan Stanley reiterated an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a report on Sunday, May 3rd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $334.38.

FTAI Aviation Trading Down 0.8%

Shares of FTAI stock opened at $214.15 on Monday. The company has a market capitalization of $21.97 billion, a P/E ratio of 42.49, a price-to-earnings-growth ratio of 0.87 and a beta of 1.46. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The business’s 50 day moving average is $241.77 and its two-hundred day moving average is $254.48. FTAI Aviation has a twelve month low of $113.43 and a twelve month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company had revenue of $830.70 million for the quarter. During the same period in the previous year, the business earned $0.87 EPS. FTAI Aviation’s revenue was up 65.4% on a year-over-year basis. Equities analysts forecast that FTAI Aviation will post 6.77 EPS for the current year.

Insiders Place Their Bets

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director owned 3,012 shares of the company’s stock, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Tuchman sold 67,500 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the sale, the director owned 210,491 shares in the company, valued at $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 254,515 shares of company stock valued at $61,599,445. 1.35% of the stock is owned by corporate insiders.

Institutional Trading of FTAI Aviation

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SJS Investment Consulting Inc. grew its position in FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after buying an additional 59 shares during the period. Meeder Asset Management Inc. lifted its position in shares of FTAI Aviation by 142.2% during the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 64 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of FTAI Aviation during the 2nd quarter worth approximately $37,000. Finally, Root Financial Partners LLC boosted its stake in shares of FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.