FTAI Aviation (NASDAQ:FTAI) Raised to "Buy" at Wall Street Zen

Key Points

• FTAI Aviation has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting positive shifts in investor sentiment.
• Recent price targets from various analysts have increased significantly, with Morgan Stanley raising it to $175, and JMP Securities setting a target of $205.
• FTAI Aviation reported a strong quarterly performance, with earnings per share of $1.57, surpassing analyst estimates, and a year-over-year revenue growth of 52.4%.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Friday.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley raised their price target on FTAI Aviation from $138.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, August 20th. Royal Bank Of Canada raised their price target on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. JMP Securities raised their price target on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Finally, Citigroup restated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $182.83.

FTAI Aviation Stock Down 3.2%

NASDAQ:FTAI traded down $5.41 on Friday, reaching $164.87. 1,186,895 shares of the company's stock traded hands, compared to its average volume of 1,098,135. The stock has a 50-day simple moving average of $149.10 and a 200-day simple moving average of $124.38. The firm has a market cap of $16.91 billion, a PE ratio of 40.81 and a beta of 1.65. FTAI Aviation has a 12 month low of $75.06 and a 12 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 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. The business had revenue of $676.24 million for the quarter, compared to analysts' expectations of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The business's quarterly revenue was up 52.4% on a year-over-year basis. During the same period last year, the firm earned ($2.26) earnings per share. On average, equities 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 added to or reduced their stakes in the stock. Rubric Capital Management LP grew its position in FTAI Aviation by 28.3% in the second quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider's stock worth $390,455,000 after acquiring an additional 749,080 shares in the last quarter. Ensign Peak Advisors Inc grew its position in FTAI Aviation by 67.4% in the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider's stock worth $353,839,000 after acquiring an additional 1,238,294 shares in the last quarter. Wellington Management Group LLP grew its position in FTAI Aviation by 159.6% in the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock worth $260,658,000 after acquiring an additional 1,443,440 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in FTAI Aviation by 5.9% in the second quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider's stock worth $246,718,000 after acquiring an additional 119,237 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its position in FTAI Aviation by 1.2% in the second quarter. Westfield Capital Management Co. LP now owns 1,915,411 shares of the financial services provider's stock worth $220,349,000 after acquiring an additional 22,960 shares in the last quarter. Hedge funds and other 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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