BTIG Research Reaffirms "Buy" Rating for FTAI Aviation (NASDAQ:FTAI)

Key Points

• BTIG Research has reaffirmed a "Buy" rating for FTAI Aviation (NASDAQ:FTAI) with a price target of $230.00, indicating a potential upside of 38% from current levels.
• FTAI Aviation reported a quarterly EPS of $1.57, exceeding expectations, with a year-over-year revenue growth of 52.4%.
• Institutional investors hold 88.96% of FTAI's stock, signaling strong institutional confidence in the company.

FTAI Aviation (NASDAQ:FTAI - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at BTIG Research in a note issued to investors on Monday,Benzinga reports. They currently have a $230.00 price objective on the financial services provider's stock. BTIG Research's target price would suggest a potential upside of 38.00% from the stock's current price.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $185.00 price target on shares of FTAI Aviation in a report on Thursday. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Weiss Ratings reiterated a "buy (b-)" rating on shares of FTAI Aviation in a research note on Wednesday, October 8th. JMP Securities upped their price objective on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Finally, Jones Trading initiated coverage on FTAI Aviation in a research report on Friday, October 10th. They issued a "buy" rating and a $306.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $201.25.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $166.67 on Monday. The stock has a market cap of $17.10 billion, a P/E ratio of 41.26 and a beta of 1.70. The company has a fifty day moving average price of $161.83 and a two-hundred day moving average price of $130.89. FTAI Aviation has a one year low of $75.06 and a one year high of $184.44.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.24. The company had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The company's revenue was up 52.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($2.26) earnings per share. As a group, equities research analysts anticipate that FTAI Aviation will post 2.2 EPS for the current fiscal year.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors have recently added to or reduced their stakes in the business. Sowell Financial Services LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter valued at $285,000. CWM LLC boosted its stake in FTAI Aviation by 6.8% during the third quarter. CWM LLC now owns 1,157 shares of the financial services provider's stock worth $193,000 after acquiring an additional 74 shares in the last quarter. Bar Harbor Wealth Management bought a new position in FTAI Aviation during the third quarter worth $10,189,000. Brookstone Capital Management boosted its stake in FTAI Aviation by 2.5% during the third quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider's stock worth $515,000 after acquiring an additional 75 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in FTAI Aviation by 29.7% during the third quarter. DAVENPORT & Co LLC now owns 3,121 shares of the financial services provider's stock worth $521,000 after acquiring an additional 714 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

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.

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