Royal Bank of Canada Begins Coverage on FTAI Aviation (NYSE:FTAI)

Analysts at Royal Bank of Canada initiated coverage on shares of FTAI Aviation (NYSE:FTAI - Get Free Report) in a research note issued on Friday, Marketbeat Ratings reports. The brokerage set an "outperform" rating and a $85.00 price target on the financial services provider's stock. Royal Bank of Canada's price target points to a potential upside of 8.53% from the company's current price.

A number of other brokerages have also commented on FTAI. Benchmark reissued a "buy" rating and set a $100.00 price objective on shares of FTAI Aviation in a report on Thursday. Compass Point increased their price target on FTAI Aviation from $71.00 to $88.00 and gave the company a "buy" rating in a research report on Friday, April 26th. JMP Securities lifted their price objective on shares of FTAI Aviation from $66.00 to $85.00 and gave the stock a "market outperform" rating in a report on Monday. Barclays increased their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. Finally, StockNews.com cut shares of FTAI Aviation from a "hold" rating to a "sell" rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.95.

FTAI Aviation Trading Up 3.7 %

Shares of FTAI traded up $2.81 during trading hours on Friday, reaching $78.32. The stock had a trading volume of 1,314,967 shares, compared to its average volume of 889,816. The firm has a 50-day simple moving average of $65.46 and a 200 day simple moving average of $52.27. FTAI Aviation has a 12 month low of $26.82 and a 12 month high of $79.60. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 34.48 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.06). The business had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The firm's quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the business posted $0.22 earnings per share. On average, equities analysts forecast that FTAI Aviation will post 2.41 EPS for the current year.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB boosted its position in FTAI Aviation by 27.3% during the third quarter. Handelsbanken Fonder AB now owns 14,000 shares of the financial services provider's stock worth $498,000 after purchasing an additional 3,000 shares during the period. Xponance Inc. bought a new position in FTAI Aviation during the third quarter worth about $209,000. Bank of New York Mellon Corp boosted its position in FTAI Aviation by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 372,574 shares of the financial services provider's stock worth $13,245,000 after purchasing an additional 3,895 shares during the period. Brown Advisory Inc. bought a new position in FTAI Aviation during the third quarter worth about $754,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in FTAI Aviation by 32.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,823 shares of the financial services provider's stock worth $705,000 after purchasing an additional 4,903 shares during the period. 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.