Barclays Increases FTAI Aviation (NASDAQ:FTAI) Price Target to $350.00

FTAI Aviation (NASDAQ:FTAI) had its price target lifted by investment analysts at Barclays from $260.00 to $350.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price suggests a potential upside of 14.45% from the company’s current price.

FTAI has been the topic of several other research reports. Royal Bank Of Canada raised their target price on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Jefferies Financial Group restated a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a report on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Morgan Stanley increased their target price on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Finally, Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $292.22.

FTAI Aviation Stock Down 1.4%

FTAI opened at $305.80 on Friday. The firm’s fifty day simple moving average is $255.98 and its two-hundred day simple moving average is $197.33. FTAI Aviation has a 52-week low of $81.45 and a 52-week high of $323.51. The company has a market cap of $31.37 billion, a price-to-earnings ratio of 66.19 and a beta of 1.53.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a return on equity of 337.39% and a net margin of 19.98%.The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter last year, the company earned $0.84 EPS. On average, research analysts forecast that FTAI Aviation will post 2.2 EPS for the current year.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently modified their holdings of the company. Mather Group LLC. purchased a new stake in shares of FTAI Aviation in the 3rd quarter valued at approximately $28,000. Garton & Associates Financial Advisors LLC acquired a new position in FTAI Aviation in the fourth quarter valued at approximately $30,000. Greenline Wealth Management LLC purchased a new position in FTAI Aviation in the fourth quarter worth approximately $50,000. Global Retirement Partners LLC increased its stake in FTAI Aviation by 880.0% during the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 308 shares during the last quarter. Finally, First Horizon Corp raised its position in FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 182 shares during the period. Hedge funds and other institutional investors 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.