FTAI Aviation (NASDAQ:FTAI) Price Target Cut to $350.00 by Analysts at BTIG Research

FTAI Aviation (NASDAQ:FTAI) had its target price decreased by equities research analysts at BTIG Research from $400.00 to $350.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. BTIG Research’s price objective suggests a potential upside of 55.45% from the stock’s previous close.

Several other research firms have also recently weighed in on FTAI. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on shares of FTAI Aviation in a report on Friday. Citizens Jmp began coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price on the stock. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 17th. Finally, Royal Bank Of Canada lowered their price target on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, July 27th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus target price of $315.56.

FTAI Aviation Trading Up 9.3%

FTAI Aviation stock opened at $225.15 on Tuesday. FTAI Aviation has a one year low of $134.49 and a one year high of $323.51. The business’s fifty day moving average is $238.25 and its 200 day moving average is $253.18. The stock has a market capitalization of $23.10 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 0.83 and a beta of 1.51. The company has a debt-to-equity ratio of 8.00, a current ratio of 5.24 and a quick ratio of 2.48.

FTAI Aviation (NASDAQ:FTAI) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The business had revenue of $953.09 million during the quarter. FTAI Aviation had a return on equity of 146.23% and a net margin of 15.94%.The business’s revenue was up 40.9% compared to the same quarter last year. During the same period last year, the business posted $1.57 earnings per share. On average, sell-side analysts predict that FTAI Aviation will post 6.77 EPS for the current year.

Insider Activity at FTAI Aviation

In other news, Director Judith A. Hannaway sold 255 shares of FTAI Aviation stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total transaction of $64,741.95. Following the transaction, the director owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President David Moreno purchased 2,475 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the purchase, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors have recently bought and sold shares of the stock. SJS Investment Consulting Inc. grew its holdings in FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 59 shares during the period. Meeder Asset Management Inc. raised its stake in shares of FTAI Aviation by 142.2% in the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after buying an additional 64 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in shares of FTAI Aviation in the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at about $37,000. Finally, Root Financial Partners LLC lifted its position in shares of FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after buying an additional 45 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

About FTAI Aviation

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.