FTAI Aviation Receives Price Target Increase from Stifel Nicolaus

FTAI Aviation (NYSE:FTAI – Get Free Report) experienced a boost in its price target as research analysts at Stifel Nicolaus updated their ratings. In a recent research report issued on Tuesday, they raised the price target from $156.00 to $167.00. The firm maintains a "buy" rating on the stock of this financial services provider. This new price target suggests a potential upside of 12.90% based on the company’s previous closing price.

FTAI Aviation has garnered attention from various research firms recently. For instance, Compass Point increased their price objective for FTAI from $175.00 to $181.00, affirming their "buy" rating on December 17th. Likewise, Jefferies Financial Group raised their target price for FTAI from $140.00 to $155.00 and also assigned a "buy" rating on September 30th. Further, on October 22nd, Deutsche Bank Aktiengesellschaft lifted their price target from $125.00 to $160.00, also giving the stock a "buy" rating. Barclays, on the other hand, increased their target price from $135.00 to $180.00 while maintaining an "overweight" rating on December 4th. Additionally, Benchmark raised their price target from $150.00 to $300.00, providing a "buy" rating on November 1st. Currently, the stock has two sell ratings, one hold rating, and ten buy ratings. According to MarketBeat, FTAI's stock is rated as a "Moderate Buy" with a consensus target price of $176.18.

FTAI Aviation Stock Performance

On Tuesday, FTAI stock saw an increase of 16.9%, rising by $21.41 to reach $147.92. The trading volume for the day totaled 1,774,999 shares, surpassing its average volume of 1,077,546 shares. FTAI Aviation has a market capitalization of $15.17 billion, a price-to-earnings ratio of -1,479.05, and a beta of 2.06. The firm holds a 50-day moving average price of $149.10 and a 200-day moving average price of $127.59. Over the last year, the stock has recorded a low of $44.65 and a high of $177.18.

FTAI Aviation last published its quarterly earnings results on October 30th. The financial services provider reported earnings of $0.76 per share for the quarter, which fell short of the analysts' consensus estimate of $0.77 by $0.01. The company reported revenues of $465.80 million, exceeding expectations of $422.45 million. Notably, FTAI Aviation achieved a return on equity of 206.25% and a net margin of 1.59%. Its revenue for the quarter was up 60.0% compared to the same period last year, when it posted earnings of $0.33 per share. Analysts forecast that FTAI Aviation will report earnings of $2.21 per share for the current year.

Institutional Investors Active in FTAI Aviation

Several institutional investors have been active in adjusting their stakes in FTAI Aviation. For example, Geode Capital Management LLC increased its holdings in FTAI by 2.7% in the third quarter, now owning 2,386,325 shares worth approximately $317.2 million after acquiring an additional 61,897 shares. State Street Corp also expanded its position by 1.7%, now holding 2,325,049 shares valued at about $309 million after purchasing an extra 38,279 shares during the last quarter. Westfield Capital Management Co. LP significantly grew its holdings by 87.1%, owning 1,660,031 shares worth around $220.6 million after an additional purchase of 773,017 shares during the period. JPMorgan Chase & Co. boosted its stake by 18.7%, now holding 1,154,808 shares worth $153.5 million after acquiring 182,252 additional shares. Additionally, Two Sigma Advisers LP increased its stake in FTAI by 10.0%, owning 1,048,600 shares valued at approximately $139.4 million after acquiring 95,200 shares last quarter. Overall, institutional investors own 88.96% of FTAI Aviation’s shares.

About FTAI Aviation

FTAI Aviation Ltd. specializes in the ownership and acquisition of aviation and offshore energy equipment for global transportation. The company operates in two main segments: Aviation Leasing and Aerospace Products. The Aviation Leasing segment focuses on owning and managing aviation assets, such as aircraft and engines, which are leased or sold to various customers.

FTAI, stocks, price_target