FTAI Aviation (NASDAQ:FTAI) Given New $340.00 Price Target at BTIG Research

Key Points

• BTIG Research raised its price target on FTAI Aviation to $340 and kept a "buy" rating, implying about a 46.04% upside from the prior close.
• FTAI missed Q4 estimates, reporting $1.08 EPS vs. $1.22 expected and $662M in revenue vs. $710M expected, although revenue was up 32.7% year-over-year and profitability remained strong with a ~20% net margin and a reported 257% ROE.
• Shares traded at $232.81 on Friday—below both BTIG's target and the analysts' average price target of $292.78—and institutional investors hold roughly 89% of the stock.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) had its target price lifted by equities research analysts at BTIG Research from $335.00 to $340.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. BTIG Research's price target suggests a potential upside of 46.04% from the company's previous close.

FTAI has been the topic of several other research reports. Morgan Stanley lifted their target price on shares of FTAI Aviation from $220.00 to $266.00 and gave the stock an "overweight" rating in a report on Tuesday, January 6th. Weiss Ratings restated a "hold (c+)" rating on shares of FTAI Aviation in a report on Monday, December 29th. Zacks Research raised FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Friday, January 9th. Citigroup reiterated an "outperform" rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Finally, Citizens Jmp boosted their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a "market outperform" rating in a research report on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $292.78.

FTAI Aviation Stock Performance

FTAI Aviation stock traded down $4.34 during trading hours on Friday, reaching $232.81. 220,716 shares of the company were exchanged, compared to its average volume of 1,883,011. FTAI Aviation has a 12 month low of $81.45 and a 12 month high of $323.51. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32. The stock has a 50-day moving average of $272.27 and a 200 day moving average of $204.90. The firm has a market cap of $23.88 billion, a price-to-earnings ratio of 50.39, a PEG ratio of 1.05 and a beta of 1.50.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing analysts' consensus estimates of $1.22 by ($0.14). The firm had revenue of $662.03 million during the quarter, compared to the consensus estimate of $710.37 million. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The company's revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. As a group, research analysts anticipate that FTAI Aviation will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC lifted its stake in shares of FTAI Aviation by 88.0% in the fourth quarter. Corient Private Wealth LLC now owns 2,847 shares of the financial services provider's stock valued at $561,000 after buying an additional 1,333 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in FTAI Aviation by 3,344.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,479 shares of the financial services provider's stock valued at $685,000 after acquiring an additional 3,378 shares during the period. Compound Planning Inc. increased its stake in FTAI Aviation by 9.0% during the fourth quarter. Compound Planning Inc. now owns 2,227 shares of the financial services provider's stock valued at $438,000 after acquiring an additional 184 shares during the period. Invesco Ltd. raised its holdings in FTAI Aviation by 8.5% in the 4th quarter. Invesco Ltd. now owns 432,740 shares of the financial services provider's stock valued at $85,185,000 after acquiring an additional 33,801 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in FTAI Aviation by 2.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,915 shares of the financial services provider's stock valued at $1,952,000 after acquiring an additional 258 shares in the last quarter. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Company Profile

FTAI Aviation NASDAQ: FTAI is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company's portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.

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