FTAI Aviation (NYSE:FTAI) Stock Rating Upgraded by Stifel Nicolaus

FTAI Aviation (NYSE:FTAI - Get Free Report) was upgraded by research analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a note issued to investors on Friday, MarketBeat.com reports. The brokerage presently has a $123.00 target price on the financial services provider's stock. Stifel Nicolaus' price target would suggest a potential upside of 22.08% from the company's current price.

FTAI has been the subject of several other reports. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Barclays cut their target price on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday. Morgan Stanley reduced their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a report on Friday, April 11th. StockNews.com raised FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Finally, Wolfe Research upgraded FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.83.

FTAI Aviation Price Performance

NYSE:FTAI traded up $10.80 during trading hours on Friday, hitting $100.75. The company's stock had a trading volume of 3,104,015 shares, compared to its average volume of 1,749,364. FTAI Aviation has a twelve month low of $75.06 and a twelve month high of $181.64. The stock has a fifty day simple moving average of $104.20 and a 200-day simple moving average of $126.11. The company has a market capitalization of $10.33 billion, a P/E ratio of -1,007.40 and a beta of 1.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. During the same period in the prior year, the firm earned $0.31 earnings per share. The company's quarterly revenue was up 53.7% on a year-over-year basis. On average, equities analysts predict that FTAI Aviation will post 2.2 EPS for the current fiscal year.

Insider Activity

In other news, insider Stacy Kuperus purchased 1,087 shares of the company's stock in a transaction on Friday, May 2nd. The stock was acquired at an average price of $92.90 per share, with a total value of $100,982.30. Following the transaction, the insider now directly owns 88,423 shares of the company's stock, valued at approximately $8,214,496.70. This represents a 1.24 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David Moreno bought 6,580 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of $94.85 per share, with a total value of $624,113.00. Following the completion of the acquisition, the chief operating officer now owns 231,623 shares of the company's stock, valued at $21,969,441.55. This trade represents a 2.92 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 10,667 shares of company stock worth $1,008,715. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC raised its holdings in FTAI Aviation by 73.5% in the 3rd quarter. Barclays PLC now owns 214,610 shares of the financial services provider's stock worth $28,520,000 after purchasing an additional 90,905 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation during the third quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of FTAI Aviation in the third quarter worth $478,000. Tidal Investments LLC boosted its holdings in shares of FTAI Aviation by 64.7% during the 3rd quarter. Tidal Investments LLC now owns 23,652 shares of the financial services provider's stock valued at $3,143,000 after acquiring an additional 9,293 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in FTAI Aviation by 102.8% in the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock worth $54,685,000 after purchasing an additional 208,613 shares during the period. Hedge funds and other 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.