FTAI Aviation (NASDAQ:FTAI) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Key Points

• Morgan Stanley raised its FTAI Aviation price target to $360 from $319 and maintained an “overweight” rating, implying nearly 82% upside from the prior close.
• Analyst sentiment remains broadly positive, with nine Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average target of $320.11, despite several firms recently cutting their targets.
• FTAI’s quarterly revenue rose 40.9% year over year to $953.09 million, but earnings of $1.13 per share missed expectations of $1.32; shares opened at $197.81 and have traded between $140.26 and $323.51 over the past year.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) had its price target raised by equities research analysts at Morgan Stanley from $319.00 to $360.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Morgan Stanley's price target would indicate a potential upside of 81.99% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Citizens Jmp started coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They set a "market outperform" rating and a $375.00 target price on the stock. Royal Bank Of Canada cut their price target on FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating for the company in a report on Monday, July 27th. BTIG Research reduced their price target on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Weiss Ratings lowered FTAI Aviation from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $320.11.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $197.81 on Friday. The firm has a market capitalization of $20.32 billion, a PE ratio of 43.00, a P/E/G ratio of 0.85 and a beta of 1.51. The company has a quick ratio of 2.07, a current ratio of 5.28 and a debt-to-equity ratio of 8.55. The company has a 50-day moving average price of $231.22 and a two-hundred day moving average price of $247.67. FTAI Aviation has a twelve month low of $140.26 and a twelve month high of $323.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). The business had revenue of $953.09 million during the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The firm's revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.57 earnings per share. Equities analysts forecast that FTAI Aviation will post 6.77 EPS for the current year.

Insider Buying and Selling at FTAI Aviation

In other news, President David Moreno purchased 2,475 shares of the firm's stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of $201.27 per share, with a total value of $498,143.25. Following the completion of the acquisition, the president owned 199,490 shares in the company, valued at $40,151,352.30. This trade represents a 1.26% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors have recently added to or reduced their stakes in FTAI. Mediolanum International Funds Ltd purchased a new stake in FTAI Aviation during the first quarter valued at about $1,313,000. M&T Bank Corp grew its stake in shares of FTAI Aviation by 323.6% during the fourth quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider's stock valued at $3,172,000 after buying an additional 12,308 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in shares of FTAI Aviation in the first quarter worth about $7,217,000. Trek Financial LLC purchased a new position in shares of FTAI Aviation in the fourth quarter worth about $3,936,000. Finally, Swiss National Bank lifted its stake in shares of FTAI Aviation by 48.9% in the 1st quarter. Swiss National Bank now owns 301,000 shares of the financial services provider's stock valued at $73,745,000 after acquiring an additional 98,808 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors.

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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