Compass Point Issues Positive Forecast for FTAI Aviation (NYSE:FTAI) Stock Price

FTAI Aviation (NYSE:FTAI) had its price target increased by investment analysts at Compass Point from $175.00 to $181.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Compass Point’s price target points to a potential upside of 44.49% from the stock’s previous close.

A number of other analysts have also recently commented on FTAI. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Friday, November 1st. Jefferies Financial Group lifted their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. BTIG Research started coverage on FTAI Aviation in a research report on Monday, August 26th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, Barclays boosted their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. 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. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and an average price target of $168.45.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock traded down $5.37 during trading on Tuesday, hitting $125.27. 506,836 shares of the company’s stock traded hands, compared to its average volume of 1,057,471. FTAI Aviation has a 1 year low of $44.15 and a 1 year high of $177.18. The business has a 50-day simple moving average of $152.30 and a 200-day simple moving average of $124.36. The stock has a market capitalization of $12.85 billion, a P/E ratio of -1,260.50 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the previous year, the business earned $0.33 EPS. The business’s revenue was up 60.0% compared to the same quarter last year. On average, equities analysts predict that FTAI Aviation will post 2.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its stake in FTAI Aviation by 2.9% during the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after buying an additional 102 shares during the last quarter. MML Investors Services LLC raised its position in shares of FTAI Aviation by 6.3% during the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock valued at $288,000 after buying an additional 129 shares in the last quarter. Foundations Investment Advisors LLC grew its position in FTAI Aviation by 5.8% in the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after acquiring an additional 145 shares in the last quarter. Farther Finance Advisors LLC raised its position 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 valued at $46,000 after purchasing an additional 189 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation during the 3rd quarter valued at $26,000. Hedge funds and other 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.