FTAI Aviation's (FTAI) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• FTAI Aviation received a "Buy (B-)" rating from Weiss Ratings, with various analysts boosting their price targets significantly, indicating strong investor confidence in the stock.
• The company's quarterly earnings showed a 52.4% revenue increase year-over-year, reporting earnings per share that exceeded analyst expectations.
• Institutional investors and hedge funds hold a substantial 88.96% of FTAI's stock, reflecting strong backing from larger financiers.

FTAI Aviation (NASDAQ:FTAI - Get Free Report)'s stock had its "buy (b-)" rating reissued by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on the company. BTIG Research boosted their price objective on FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Barclays boosted their price objective on FTAI Aviation from $150.00 to $195.00 and gave the stock an "overweight" rating in a research note on Thursday, October 2nd. JMP Securities boosted their price objective on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Wall Street Zen raised FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. Finally, Morgan Stanley boosted their price objective on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $191.73.

FTAI Aviation Price Performance

Shares of NASDAQ:FTAI opened at $170.41 on Wednesday. The business's 50 day moving average price is $157.52 and its 200-day moving average price is $127.95. The firm has a market capitalization of $17.48 billion, a PE ratio of 42.18 and a beta of 1.70. FTAI Aviation has a 1 year low of $75.06 and a 1 year high of $184.44.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. The company had revenue of $676.24 million for 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 for the quarter was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.26) earnings per share. As a group, analysts expect that FTAI Aviation will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On FTAI Aviation

Several large investors have recently modified their holdings of FTAI. Virtus Advisers LLC acquired a new position in shares of FTAI Aviation in the 1st quarter valued at $29,000. Rakuten Securities Inc. acquired a new position in FTAI Aviation during the 1st quarter worth about $34,000. Parallel Advisors LLC lifted its stake in FTAI Aviation by 78.5% during the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $35,000 after acquiring an additional 135 shares in the last quarter. Rossby Financial LCC acquired a new position in FTAI Aviation during the 1st quarter worth about $45,000. Finally, GAMMA Investing LLC lifted its stake in FTAI Aviation by 124.1% during the 1st quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider's stock worth $48,000 after acquiring an additional 237 shares in the last quarter. Institutional investors and hedge funds 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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