JMP Securities Issues Positive Forecast for FTAI Aviation (NASDAQ:FTAI) Stock Price

Key Points

• JMP Securities has raised its price target for FTAI Aviation from $180.00 to $205.00, indicating a potential upside of 47.02% from the stock's previous close.
• A total of thirteen investment analysts have rated FTAI stock as a buy, while one analyst has given it a strong buy rating, suggesting strong market confidence in the company.
• FTAI Aviation reported a quarterly EPS of $1.57, surpassing estimates and demonstrating a 52.4% year-over-year revenue growth, although revenue of $676.24 million fell short of expectations.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) had its price objective hoisted by stock analysts at JMP Securities from $180.00 to $205.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "market outperform" rating on the financial services provider's stock. JMP Securities' target price points to a potential upside of 48.51% from the company's previous close.

FTAI has been the topic of several other reports. Wall Street Zen upgraded FTAI Aviation from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley decreased their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Royal Bank Of Canada raised their price target on shares of FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Finally, Barclays dropped their price target on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $176.42.

FTAI Aviation Price Performance

NASDAQ:FTAI traded down $0.03 on Wednesday, reaching $138.04. The stock had a trading volume of 64,460 shares, compared to its average volume of 2,341,537. The company has a market cap of $14.16 billion, a price-to-earnings ratio of 34.17 and a beta of 1.61. FTAI Aviation has a 12-month low of $75.06 and a 12-month high of $181.64. The firm's fifty day moving average is $121.71 and its two-hundred day moving average is $113.13.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.24. The business had revenue of $676.24 million during 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 company's revenue for the quarter was up 52.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($2.26) EPS. As a group, research analysts forecast that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Versant Capital Management Inc increased its position in 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 acquiring an additional 181 shares in the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth $26,000. Transce3nd LLC bought a new stake in FTAI Aviation in the fourth quarter valued at about $29,000. Virtus Advisers LLC bought a new stake in FTAI Aviation in the first quarter valued at about $29,000. Finally, Kapitalo Investimentos Ltda acquired a new position in FTAI Aviation in the fourth quarter valued at about $30,000. Institutional investors own 88.96% of the company's stock.

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.