Jones Trading Begins Coverage on FTAI Aviation (NASDAQ:FTAI)

Key Points

• Jones Trading has initiated coverage on FTAI Aviation, assigning a "buy" rating and a price target of $306.00, suggesting an 80.66% upside potential from the current price.
• Multiple analysts have recently increased their price targets for FTAI Aviation, with Morgan Stanley adjusting it from $138.00 to $175.00 and Barclays from $150.00 to $195.00, indicating strong market interest.
• FTAI Aviation reported a net margin of 21.31% and a 52.4% increase in revenue year-over-year, reflecting strong financial performance despite a slight earnings miss compared to estimates.

Research analysts at Jones Trading started coverage on shares of FTAI Aviation (NASDAQ:FTAI - Get Free Report) in a note issued to investors on Friday,Benzinga reports. The firm set a "buy" rating and a $306.00 price target on the financial services provider's stock. Jones Trading's price objective indicates a potential upside of 80.66% from the stock's current price.

A number of other equities analysts also recently commented on the stock. Morgan Stanley lifted their target price on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 20th. BTIG Research lifted their price objective on shares of FTAI Aviation from $190.00 to $230.00 and gave the company a "buy" rating in a report on Monday, August 25th. Royal Bank Of Canada boosted their price target on shares of FTAI Aviation from $160.00 to $185.00 and gave the stock an "outperform" rating in a report on Tuesday, September 30th. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Barclays upped their price target on shares of FTAI Aviation from $150.00 to $195.00 and gave the company an "overweight" rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $201.25.

FTAI Aviation Trading Down 0.6%

NASDAQ:FTAI opened at $169.38 on Friday. The company's 50-day moving average price is $158.15 and its 200-day moving average price is $128.32. The company has a market cap of $17.37 billion, a P/E ratio of 41.93 and a beta of 1.70. FTAI Aviation has a twelve month low of $75.06 and a twelve month high of $184.44.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The firm had revenue of $676.24 million for the quarter, compared to the consensus estimate of $754.75 million. During the same period last year, the firm posted ($2.26) earnings per share. The company's revenue for the quarter was up 52.4% on a year-over-year basis. On average, analysts expect that FTAI Aviation will post 2.2 earnings per share for the current year.

Institutional Investors Weigh In On FTAI Aviation

A number of large investors have recently added to or reduced their stakes in FTAI. WCM Investment Management LLC boosted its stake in shares of FTAI Aviation by 11.2% during the 1st quarter. WCM Investment Management LLC now owns 242,083 shares of the financial services provider's stock worth $27,200,000 after purchasing an additional 24,296 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of FTAI Aviation by 97.9% during the 1st quarter. Royce & Associates LP now owns 411,248 shares of the financial services provider's stock worth $45,661,000 after acquiring an additional 203,447 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of FTAI Aviation by 5.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,879 shares of the financial services provider's stock worth $986,000 after acquiring an additional 443 shares during the period. Florida Financial Advisors LLC purchased a new position in shares of FTAI Aviation during the 1st quarter worth about $333,000. Finally, Harbor Capital Advisors Inc. raised its holdings in FTAI Aviation by 4.5% in the second quarter. Harbor Capital Advisors Inc. now owns 154,462 shares of the financial services provider's stock valued at $17,769,000 after buying an additional 6,709 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.