BTIG Research Forecasts Strong Price Appreciation for FTAI Aviation (NASDAQ:FTAI) Stock

FTAI Aviation (NASDAQ:FTAI) had its price target boosted by BTIG Research from $335.00 to $340.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. BTIG Research’s price objective suggests a potential upside of 52.99% from the stock’s current price.

Several other analysts also recently weighed in on FTAI. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Jefferies Financial Group reiterated a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a research note on Monday, February 9th. Barclays boosted their target price on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Finally, Royal Bank Of Canada raised their price target on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $292.78.

FTAI Aviation Price Performance

Shares of FTAI opened at $222.24 on Friday. The stock has a market cap of $22.80 billion, a PE ratio of 48.10, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28. FTAI Aviation has a fifty-two week low of $81.45 and a fifty-two week high of $323.51. The firm’s 50-day simple moving average is $272.50 and its two-hundred day simple moving average is $205.80.

FTAI Aviation (NASDAQ:FTAI) last announced its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. During the same period in the prior year, the business posted $0.84 EPS. FTAI Aviation’s revenue for the quarter was up 32.7% on a year-over-year basis. Analysts anticipate that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LDR Capital Management LLC purchased a new stake in shares of FTAI Aviation during the third quarter valued at $1,102,000. Diversified Trust Co bought a new stake in FTAI Aviation in the 3rd quarter worth about $2,846,000. Asset Management One Co. Ltd. purchased a new position in FTAI Aviation in the 3rd quarter worth about $2,056,000. Hiddenite Capital Partners LP raised its position in FTAI Aviation by 12.9% in the 3rd quarter. Hiddenite Capital Partners LP now owns 79,000 shares of the financial services provider’s stock worth $13,182,000 after buying an additional 9,000 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in FTAI Aviation by 396.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after acquiring an additional 664,037 shares during the period. 88.96% of the stock is owned by institutional investors.

About FTAI Aviation

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.