FTAI Aviation (NASDAQ:FTAI) Given New $230.00 Price Target at BTIG Research

Key Points

• BTIG Research has raised its price target for FTAI Aviation from $190.00 to $230.00, indicating a potential upside of 55.71% from the stock's previous close.
• FTAI Aviation reported earnings of $1.57 per share for the last quarter, exceeding analysts' expectations of $1.33, and experienced a year-over-year revenue increase of 52.4%.
• Institutional investors hold a significant stake in FTAI Aviation, with 88.96% of the stock owned by hedge funds and other institutions.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) had its target price raised by analysts at BTIG Research from $190.00 to $230.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. BTIG Research's price objective suggests a potential upside of 55.71% from the company's previous close.

FTAI has been the topic of a number of other research reports. JMP Securities upped their target price on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. Wall Street Zen raised FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Barclays cut their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Finally, Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a research note on Friday, May 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, FTAI Aviation has an average rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Stock Up 1.1%

Shares of NASDAQ:FTAI opened at $147.71 on Monday. FTAI Aviation has a twelve month low of $75.06 and a twelve month high of $181.64. The stock's 50 day moving average is $126.11 and its 200-day moving average is $116.50. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of 36.56 and a beta of 1.61.

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

Institutional Investors Weigh In On FTAI Aviation

Several large investors have recently made changes to their positions in the business. Versant Capital Management Inc raised its stake in shares of FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock worth $25,000 after purchasing an additional 181 shares during the period. Virtus Fund Advisers LLC purchased a new stake in FTAI Aviation during the fourth quarter worth about $26,000. Virtus Advisers LLC bought a new stake in FTAI Aviation in the first quarter worth about $29,000. Kapitalo Investimentos Ltda purchased a new position in FTAI Aviation in the fourth quarter valued at about $30,000. Finally, Rakuten Securities Inc. bought a new position in shares of FTAI Aviation during the 1st quarter valued at approximately $34,000. 88.96% of the stock is owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.