FTAI Aviation (NASDAQ:FTAI) Earns "Outperform" Rating from Royal Bank Of Canada

Key Points

• FTAI Aviation has received an "outperform" rating from Royal Bank of Canada, with a price target of $185.00, indicating a potential upside of 5.56% from its current price.
• The stock has garnered positive attention from several analysts, including Citigroup and JMP Securities, with price targets ranging from $180.00 to $306.00.
• FTAI Aviation reported strong earnings of $1.57 per share in its last quarterly results, exceeding analyst expectations and showing a 52.4% increase in revenue year-over-year.

FTAI Aviation (NASDAQ:FTAI - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Royal Bank Of Canada in a research note issued to investors on Thursday,Benzinga reports. They presently have a $185.00 price objective on the financial services provider's stock. Royal Bank Of Canada's price objective points to a potential upside of 5.56% from the stock's current price.

A number of other equities analysts have also commented on the company. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. JMP Securities boosted their price target on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of FTAI Aviation in a research note on Wednesday, October 8th. Barclays boosted their price target on FTAI Aviation from $150.00 to $195.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Finally, Jones Trading began coverage on FTAI Aviation in a research note on Friday, October 10th. They issued a "buy" rating and a $306.00 price objective on the stock. One equities research 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 stock. According to data from MarketBeat, FTAI Aviation presently has a consensus rating of "Buy" and a consensus price target of $201.25.

FTAI Aviation Stock Performance

NASDAQ:FTAI traded up $1.09 during trading hours on Thursday, hitting $175.25. 56,981 shares of the company's stock traded hands, compared to its average volume of 2,022,771. The firm has a market cap of $17.98 billion, a P/E ratio of 43.38 and a beta of 1.70. FTAI Aviation has a twelve month low of $75.06 and a twelve month high of $184.44. The stock's fifty day moving average price is $160.58 and its two-hundred day moving average price is $129.84.

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

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC increased its holdings in FTAI Aviation by 6.8% in the third quarter. CWM LLC now owns 1,157 shares of the financial services provider's stock valued at $193,000 after purchasing an additional 74 shares during the last quarter. Bar Harbor Wealth Management bought a new stake in FTAI Aviation in the third quarter valued at about $10,189,000. Brookstone Capital Management increased its holdings in FTAI Aviation by 2.5% in the third quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider's stock valued at $515,000 after purchasing an additional 75 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in FTAI Aviation by 29.7% in the third quarter. DAVENPORT & Co LLC now owns 3,121 shares of the financial services provider's stock valued at $521,000 after purchasing an additional 714 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in FTAI Aviation by 68.5% in the third quarter. Farther Finance Advisors LLC now owns 721 shares of the financial services provider's stock valued at $120,000 after purchasing an additional 293 shares during the last quarter. Institutional investors own 88.96% of the company's stock.

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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