FTAI Aviation (NYSE:FTAI) Shares Gap Up After Analyst Upgrade

FTAI Aviation Ltd. (NYSE:FTAI) shares gapped up prior to trading on Friday after Barclays raised their price target on the stock from $110.00 to $135.00. The stock had previously closed at $134.44, but opened at $148.90. Barclays currently has an overweight rating on the stock. FTAI Aviation shares last traded at $145.35, with a volume of 527,306 shares.

A number of other equities analysts have also recently issued reports on the company. Wolfe Research cut FTAI Aviation from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 10th. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and upped their price objective for the company from $69.00 to $132.00 in a research note on Friday, July 26th. BTIG Research initiated coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They set a “buy” rating and a $140.00 price objective for the company. Jefferies Financial Group boosted their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, JMP Securities raised their price objective on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $146.91.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new stake in shares of FTAI Aviation in the 2nd quarter valued at approximately $33,000. Farther Finance Advisors LLC raised its stake in FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 189 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of FTAI Aviation during the second quarter valued at $59,000. EverSource Wealth Advisors LLC grew its holdings in shares of FTAI Aviation by 165.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 1,790 shares during the last quarter. Finally, RiverPark Advisors LLC acquired a new stake in shares of FTAI Aviation during the 2nd quarter worth about $202,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Performance

The firm has a market cap of $14.85 billion, a price-to-earnings ratio of -1,452.40 and a beta of 2.04. The business’s 50-day moving average is $131.88 and its 200-day moving average is $105.59.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The firm’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.33 earnings per share. Equities research analysts expect that FTAI Aviation Ltd. will post 2.17 EPS for the current fiscal year.

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.