FTAI Aviation’s (FTAI) Outperform Rating Reaffirmed at Royal Bank of Canada

FTAI Aviation (NYSE:FTAI)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank of Canada in a report issued on Wednesday,Benzinga reports. They currently have a $160.00 price target on the financial services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 86.05% from the stock’s current price.

A number of other analysts have also recently commented on the company. Benchmark upped their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Jefferies Financial Group increased their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Compass Point raised their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Stifel Nicolaus cut their price objective on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock traded up $2.21 during trading hours on Wednesday, hitting $86.00. 3,369,523 shares of the company’s stock traded hands, compared to its average volume of 5,504,215. FTAI Aviation has a 12-month low of $49.81 and a 12-month high of $181.64. The company has a fifty day simple moving average of $147.90 and a 200-day simple moving average of $132.52. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of -851.39 and a beta of 2.09.

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

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds have recently modified their holdings of FTAI. Westfield Capital Management Co. LP lifted its stake in shares of FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares during the last quarter. International Assets Investment Management LLC grew its stake in FTAI Aviation by 14,553.9% during the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after buying an additional 560,179 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of FTAI Aviation by 229.9% in the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after buying an additional 264,971 shares during the last quarter. Vantage Investment Partners LLC acquired a new stake in shares of FTAI Aviation in the 3rd quarter valued at $32,769,000. Finally, Franklin Resources Inc. lifted its holdings in FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after buying an additional 208,613 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Company Profile

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.