FTAI Aviation (NASDAQ:FTAI) Rating Increased to Hold at Zacks Research

Key Points

• FTAI Aviation has been upgraded by Zacks Research from a "strong sell" to a "hold" rating, reflecting improved analyst sentiment.
• Over the past few months, several analysts have given FTAI Aviation varying ratings, with one analyst issuing a "Strong Buy" rating, while the consensus price target stands at $179.50.
• In its latest earnings report, FTAI Aviation reported an EPS of $1.57, which was above the consensus estimate, and saw a year-over-year revenue increase of 52.4% despite falling short of analyst expectations for total revenue.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts have also recently issued reports on FTAI. Citizens Jmp upgraded shares of FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Barclays lowered their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. JMP Securities raised their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target for the company in a research note on Friday, May 2nd. One research 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. Based on data from MarketBeat, FTAI Aviation presently has an average rating of "Buy" and a consensus price target of $179.50.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $146.09 on Wednesday. FTAI Aviation has a fifty-two week low of $75.06 and a fifty-two week high of $181.64. The stock's 50-day moving average is $125.63 and its two-hundred day moving average is $116.26. The firm has a market cap of $14.98 billion, a P/E ratio of 36.16 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. The business had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The firm's revenue was up 52.4% on a year-over-year basis. During the same period in the previous year, the company earned ($2.26) EPS. As a group, research analysts expect that FTAI Aviation will post 2.2 EPS for the current year.

Hedge Funds Weigh In On FTAI Aviation

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

About FTAI Aviation

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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