FTAI Aviation (NYSE:FTAI) Raised to Strong-Buy at Citizens Jmp

FTAI Aviation (NYSE:FTAI - Get Free Report) was upgraded by analysts at Citizens Jmp to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research analysts also recently commented on FTAI. Wolfe Research raised shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a research report on Friday, January 10th. Barclays cut 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. Morgan Stanley cut their target price on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. JMP Securities cut their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $171.83.

FTAI Aviation Stock Down 0.0%

FTAI traded down $0.02 on Thursday, reaching $117.79. 634,898 shares of the company traded hands, compared to its average volume of 1,774,261. The company has a market cap of $12.08 billion, a P/E ratio of -1,177.78 and a beta of 1.64. The firm has a fifty day simple moving average of $103.25 and a two-hundred day simple moving average of $124.92. FTAI Aviation has a one year low of $75.06 and a one year high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company's revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS. On average, equities analysts forecast that FTAI Aviation will post 2.2 earnings per share for the current year.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, insider Stacy Kuperus acquired 1,087 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was acquired at an average cost of $92.90 per share, for a total transaction of $100,982.30. Following the purchase, the insider now owns 88,423 shares in the company, valued at approximately $8,214,496.70. The trade was a 1.24% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph P. Jr. Adams acquired 3,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the purchase, the chief executive officer now owns 341,852 shares in the company, valued at approximately $32,318,688.08. This trade represents a 0.89% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 10,667 shares of company stock worth $1,008,715. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On FTAI Aviation

Large investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of FTAI Aviation by 420.9% in 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 in the 4th quarter valued at $26,000. Transce3nd LLC acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $29,000. Kapitalo Investimentos Ltda acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $30,000. Finally, Rakuten Securities Inc. acquired a new position in shares of FTAI Aviation in the 1st quarter valued at $34,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.