Compass Point Increases FTAI Aviation (NYSE:FTAI) Price Target to $156.00

FTAI Aviation (NYSE:FTAI) had its price target increased by equities research analysts at Compass Point from $118.00 to $156.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Compass Point’s target price would suggest a potential upside of 20.42% from the stock’s previous close.

FTAI has been the subject of several other research reports. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $69.00 to $132.00 in a research report on Friday, July 26th. Barclays boosted their price objective on shares of FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their target price on FTAI Aviation from $120.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Wolfe Research cut FTAI Aviation from an “outperform” rating to a “peer perform” rating in a report on Wednesday, July 10th. Finally, StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.55.

FTAI Aviation Trading Up 2.8 %

FTAI stock opened at $129.55 on Friday. The company’s 50-day moving average price is $116.10 and its 200 day moving average price is $93.44. FTAI Aviation has a 52 week low of $32.66 and a 52 week high of $132.94. The company has a market cap of $12.99 billion, a P/E ratio of 59.16 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 (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $443.59 million during the quarter, compared to analysts’ expectations of $361.92 million. On average, equities research analysts expect that FTAI Aviation will post 2.13 earnings per share for the current year.

Institutional Trading of FTAI Aviation

Several large investors have recently modified their holdings of FTAI. Capital International Investors bought a new position in FTAI Aviation in the first quarter valued at approximately $274,052,000. CIBC Private Wealth Group LLC increased its stake in shares of FTAI Aviation by 90.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after purchasing an additional 1,359,302 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after buying an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of FTAI Aviation by 1,488.2% during the 1st 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 during the last quarter. Finally, Wellington Management Group LLP boosted its stake in FTAI Aviation by 159.1% in the fourth quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock valued at $40,836,000 after buying an additional 540,379 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

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.