FTAI Aviation (NYSE:FTAI) Given New $135.00 Price Target at Barclays

FTAI Aviation (NYSE:FTAI) had its price objective hoisted by analysts at Barclays from $110.00 to $135.00 in a report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s target price would indicate a potential downside of 5.24% from the stock’s current price.

Several other analysts also recently issued reports on the stock. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. Compass Point upped their price target on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft raised their price objective on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Finally, JMP Securities raised their price target on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Stock Up 6.0 %

Shares of NYSE FTAI opened at $142.46 on Friday. The business has a fifty day simple moving average of $132.60 and a 200-day simple moving average of $106.29. The company has a market cap of $14.56 billion, a price-to-earnings ratio of -1,424.46 and a beta of 2.04. FTAI Aviation has a 12 month low of $38.57 and a 12 month high of $149.74.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The business’s quarterly revenue was up 60.0% compared to the same quarter last year. As a group, sell-side analysts expect that FTAI Aviation will post 2.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Diversified Trust Co acquired a new position in FTAI Aviation during the third quarter worth $1,738,000. ClariVest Asset Management LLC bought a new position in shares of FTAI Aviation in the 1st quarter valued at approximately $1,802,000. Price T Rowe Associates Inc. MD lifted its holdings in FTAI Aviation by 1,488.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after purchasing an additional 813,311 shares during the last quarter. Entropy Technologies LP bought a new stake in FTAI Aviation during the first quarter worth approximately $340,000. Finally, SG Americas Securities LLC acquired a new position in FTAI Aviation during the first quarter valued at approximately $384,000. Institutional investors own 88.96% of the company’s stock.

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.