FTAI Aviation (NYSE:FTAI) Earns “Outperform” Rating from Royal Bank of Canada

FTAI Aviation (NYSE:FTAI)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $160.00 price target on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 57.64% from the stock’s previous close.

FTAI has been the topic of a number of other reports. Jefferies Financial Group lifted their price objective on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research note on Friday, January 10th. Stifel Nicolaus dropped their price objective on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, BTIG Research lifted their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Trading Up 10.3 %

NYSE:FTAI opened at $101.50 on Wednesday. The stock has a market capitalization of $10.41 billion, a PE ratio of -1,014.90 and a beta of 2.09. FTAI Aviation has a 12 month low of $50.44 and a 12 month high of $181.64. The firm’s 50 day moving average is $145.37 and its 200 day moving average is $132.02.

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). The business had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business’s revenue was up 60.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. Research analysts predict that FTAI Aviation will post 2.21 earnings per share for the current year.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in FTAI Aviation by 2.7% during the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after buying an additional 61,897 shares during the period. State Street Corp boosted its position in shares of FTAI Aviation by 1.7% during the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after buying an additional 38,279 shares during the period. Westfield Capital Management Co. LP grew its stake in shares of FTAI Aviation by 87.1% during the third 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 buying an additional 773,017 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of FTAI Aviation by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after acquiring an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in FTAI Aviation by 10.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock valued at $139,359,000 after acquiring an additional 95,200 shares during the period. 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.