FTAI Aviation (NYSE:FTAI) Price Target Increased to $80.00 by Analysts at Barclays

FTAI Aviation (NYSE:FTAI - Get Free Report) had its price objective increased by Barclays from $62.00 to $80.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Barclays's target price points to a potential upside of 14.22% from the stock's previous close.

A number of other analysts have also commented on the company. StockNews.com lowered FTAI Aviation from a "hold" rating to a "sell" rating in a research note on Wednesday. Benchmark increased their price objective on FTAI Aviation from $45.00 to $100.00 and gave the stock a "buy" rating in a report on Friday, March 15th. Morgan Stanley increased their price objective on FTAI Aviation from $58.00 to $70.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. Finally, Stifel Nicolaus reiterated a "hold" rating and issued a $59.00 price objective (up previously from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.25.

FTAI Aviation Trading Down 0.2 %

Shares of NYSE:FTAI traded down $0.11 during midday trading on Thursday, reaching $70.04. The company had a trading volume of 1,893,619 shares, compared to its average volume of 829,937. FTAI Aviation has a 52-week low of $26.07 and a 52-week high of $71.87. The company's 50 day moving average price is $58.46 and its 200 day moving average price is $47.16. The stock has a market cap of $7.02 billion, a P/E ratio of 33.35 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.72. The business had revenue of $312.74 million during the quarter, compared to analyst estimates of $310.04 million. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. FTAI Aviation's revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Research analysts forecast that FTAI Aviation will post 2.43 EPS for the current fiscal year.

Institutional Trading of FTAI Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTAI. BlackRock Inc. increased its position in FTAI Aviation by 291.1% during the 2nd quarter. BlackRock Inc. now owns 6,706,655 shares of the financial services provider's stock valued at $212,333,000 after buying an additional 4,991,674 shares in the last quarter. FMR LLC grew its holdings in FTAI Aviation by 179.7% in the third quarter. FMR LLC now owns 6,216,983 shares of the financial services provider's stock valued at $221,014,000 after purchasing an additional 3,994,578 shares during the period. Ameriprise Financial Inc. grew its holdings in FTAI Aviation by 131.9% in the first quarter. Ameriprise Financial Inc. now owns 2,627,978 shares of the financial services provider's stock valued at $73,478,000 after purchasing an additional 1,494,515 shares during the period. State Street Corp grew its holdings in FTAI Aviation by 307.0% in the second quarter. State Street Corp now owns 1,915,031 shares of the financial services provider's stock valued at $60,630,000 after purchasing an additional 1,444,455 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of FTAI Aviation by 90.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider's stock worth $132,643,000 after acquiring an additional 1,359,302 shares during the last quarter. Institutional investors 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.