FTAI Aviation (NYSE:FTAI) PT Raised to $148.00 at Morgan Stanley

FTAI Aviation (NYSE:FTAI) had its target price upped by Morgan Stanley from $140.00 to $148.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other brokerages have also recently issued reports on FTAI. Deutsche Bank Aktiengesellschaft increased their price objective on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada lifted their price objective on FTAI Aviation from $120.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and upped their target price for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. Barclays lifted their price target on shares of FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Finally, BTIG Research assumed coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.45.

FTAI Aviation Stock Performance

Shares of FTAI opened at $142.36 on Friday. The company’s 50-day simple moving average is $126.65 and its 200-day simple moving average is $101.80. FTAI Aviation has a 1 year low of $32.66 and a 1 year high of $149.74. The stock has a market capitalization of $14.27 billion, a PE ratio of 65.00 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The business had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. On average, sell-side analysts predict that FTAI Aviation will post 2.13 earnings per share for the current year.

Institutional Trading of FTAI Aviation

Large investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in FTAI Aviation by 159.1% during the fourth quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock worth $40,836,000 after buying an additional 540,379 shares during the period. Vanguard Group Inc. increased its holdings in shares of FTAI Aviation by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 8,507,122 shares of the financial services provider’s stock valued at $394,730,000 after acquiring an additional 84,611 shares during the period. Global Assets Advisory LLC acquired a new position in shares of FTAI Aviation in the 1st quarter valued at $1,556,000. Harbour Capital Advisors LLC purchased a new stake in FTAI Aviation in the 1st quarter valued at $278,000. Finally, Blue Zone Wealth Advisors LLC acquired a new stake in FTAI Aviation during the 1st quarter worth $236,000. 88.96% of the stock is owned by institutional investors and hedge funds.

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.