FTAI Aviation (NASDAQ:FTAI) Downgraded by Wall Street Zen to Hold

Key Points

• FTAI Aviation has been downgraded by Wall Street Zen from a "buy" to a "hold" rating, signaling a change in analysts' outlook on the stock.
• Despite the downgrade, JMP Securities has increased its price target on FTAI Aviation from $180.00 to $205.00, maintaining a "market outperform" rating.
• FTAI Aviation reported earnings of $1.57 per share for its last quarter, exceeding estimates, but its revenue fell short of expectations at $676.24 million.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.

Several other analysts also recently weighed in on FTAI. JMP Securities upped their price target on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Jones Trading assumed coverage on FTAI Aviation in a research report on Friday, October 10th. They issued a "buy" rating and a $306.00 price objective on the stock. Morgan Stanley upped their price objective on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, August 20th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FTAI Aviation in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $185.00 price objective on shares of FTAI Aviation in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $205.00.

FTAI Aviation Stock Up 2.1%

FTAI Aviation stock opened at $181.96 on Friday. The company has a market capitalization of $18.66 billion, a P/E ratio of 45.04 and a beta of 1.70. The stock's 50 day moving average is $165.14 and its 200 day moving average is $133.32. FTAI Aviation has a twelve month low of $75.06 and a twelve month high of $184.44.

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

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently modified their holdings of the company. Forum Financial Management LP bought a new position in shares of FTAI Aviation during the 3rd quarter valued at $267,000. SLT Holdings LLC raised its holdings in FTAI Aviation by 11.3% in the 3rd quarter. SLT Holdings LLC now owns 2,225 shares of the financial services provider's stock worth $371,000 after purchasing an additional 225 shares during the period. KLP Kapitalforvaltning AS raised its holdings in FTAI Aviation by 4.6% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 22,700 shares of the financial services provider's stock worth $3,788,000 after purchasing an additional 1,000 shares during the period. D.A. Davidson & CO. bought a new position in FTAI Aviation in the 3rd quarter worth $209,000. Finally, Cynosure Group LLC bought a new position in FTAI Aviation in the 3rd quarter worth $595,000. 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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