FTAI Aviation (NASDAQ:FTAI) Given New $293.00 Price Target at Morgan Stanley

FTAI Aviation (NASDAQ:FTAI) had its price target raised by equities research analysts at Morgan Stanley from $266.00 to $293.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 23.96% from the company’s previous close.

FTAI has been the topic of a number of other reports. Barclays raised their price target on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a report on Monday, February 9th. BTIG Research raised their target price on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, March 13th. Royal Bank Of Canada upped their price target on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $225.00 price target on shares of FTAI Aviation in a research note on Wednesday, December 31st. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $295.78.

FTAI Aviation Stock Down 2.1%

NASDAQ:FTAI traded down $5.18 during mid-day trading on Tuesday, hitting $236.36. The stock had a trading volume of 95,262 shares, compared to its average volume of 1,899,083. FTAI Aviation has a twelve month low of $81.45 and a twelve month high of $323.51. The stock has a 50-day simple moving average of $272.30 and a two-hundred day simple moving average of $209.76. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. The company has a market capitalization of $24.24 billion, a PE ratio of 51.16, a PEG ratio of 0.93 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The company’s revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. On average, equities research analysts anticipate that FTAI Aviation will post 2.2 EPS for the current year.

Institutional Investors Weigh In On FTAI Aviation

Large investors have recently modified their holdings of the company. Capital World Investors grew its position in shares of FTAI Aviation by 41.1% during the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after acquiring an additional 2,596,265 shares during the last quarter. Norges Bank purchased a new stake in FTAI Aviation in the 4th quarter valued at $262,393,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in FTAI Aviation by 1,678.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock worth $131,208,000 after purchasing an additional 1,076,416 shares during the period. Northern Right Capital Management L.P. boosted its stake in FTAI Aviation by 884.1% during the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after purchasing an additional 795,675 shares during the period. Finally, Rubric Capital Management LP grew its position in FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after purchasing an additional 749,080 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.