FTAI Aviation (NYSE:FTAI) PT Raised to $143.00 at Royal Bank of Canada

FTAI Aviation (NYSE:FTAI) had its price objective upped by investment analysts at Royal Bank of Canada from $120.00 to $143.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 9.67% from the company’s current price.

A number of other analysts have also recently issued reports on the company. Benchmark upped their target price on FTAI Aviation from $100.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Jefferies Financial Group started coverage on shares of FTAI Aviation in a research report on Tuesday, June 25th. They set a “buy” rating and a $120.00 target price on the stock. Morgan Stanley lifted their target price on shares of FTAI Aviation from $105.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Compass Point increased their price target on shares of FTAI Aviation from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.09.

FTAI Aviation Trading Up 0.1 %

Shares of NYSE:FTAI opened at $130.39 on Thursday. The firm has a 50 day simple moving average of $112.87 and a 200-day simple moving average of $90.20. FTAI Aviation has a twelve month low of $32.66 and a twelve month high of $132.94. The company has a market capitalization of $13.07 billion, a PE ratio of 59.54 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The company had revenue of $443.59 million during the quarter, compared to analysts’ expectations of $361.92 million. As a group, equities research analysts predict that FTAI Aviation will post 2.13 EPS for the current fiscal year.

Hedge Funds Weigh In On FTAI Aviation

A number of large investors have recently modified their holdings of FTAI. Capital International Investors purchased a new stake in shares of FTAI Aviation in the first quarter valued at approximately $274,052,000. CIBC Private Wealth Group LLC grew its stake in shares of FTAI Aviation by 90.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after purchasing an additional 1,359,302 shares during the period. Norges Bank purchased a new position in shares of FTAI Aviation in the 4th quarter valued at about $55,039,000. American Century Companies Inc. lifted its stake in shares of FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after purchasing an additional 924,730 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in 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 buying an additional 813,311 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.