Benchmark Forecasts Strong Price Appreciation for FTAI Aviation (NYSE:FTAI) Stock

FTAI Aviation (NYSE:FTAI) had its price target raised by investment analysts at Benchmark from $150.00 to $300.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Benchmark’s target price points to a potential upside of 108.32% from the company’s previous close.

Several other research analysts have also recently weighed in on the company. Wolfe Research cut FTAI Aviation from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 10th. BTIG Research started coverage on FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price for the company. JMP Securities lifted their price target on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a report on Thursday, July 25th. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Finally, Compass Point boosted their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.09.

FTAI Aviation Price Performance

NYSE FTAI traded up $9.57 during mid-day trading on Friday, hitting $144.01. The stock had a trading volume of 1,984,860 shares, compared to its average volume of 1,037,235. The firm’s 50 day moving average is $131.88 and its 200 day moving average is $105.59. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of -1,437.60 and a beta of 2.04. FTAI Aviation has a twelve month low of $38.57 and a twelve month high of $149.74.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 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 198.02%. The company’s quarterly revenue was up 60.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. As a group, equities research analysts expect that FTAI Aviation will post 2.17 earnings per share for the current year.

Hedge Funds Weigh In On FTAI Aviation

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in FTAI Aviation by 6.3% in the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock valued at $608,426,000 after purchasing an additional 533,381 shares during the period. Capital International Investors purchased a new position in FTAI Aviation during the 1st quarter valued at about $274,052,000. American Century Companies Inc. increased its stake in FTAI Aviation by 1,923.5% during the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after purchasing an additional 924,730 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of FTAI Aviation by 1,488.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after purchasing an additional 813,311 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of FTAI Aviation by 14,553.9% in the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after purchasing an additional 560,179 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.