FTAI Aviation (NYSE:FTAI) Rating Increased to Sell at StockNews.com

StockNews.com upgraded shares of FTAI Aviation (NYSE:FTAI) to a sell rating in a research report report published on Thursday.

Other equities analysts have also issued research reports about the stock. JMP Securities upped their price objective on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a market outperform rating in a report on Monday, April 29th. Stifel Nicolaus boosted their price objective on FTAI Aviation from $59.00 to $66.00 and gave the company a hold rating in a report on Monday, April 29th. Royal Bank of Canada boosted their price objective on FTAI Aviation from $85.00 to $95.00 and gave the company an outperform rating in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on FTAI Aviation from $84.00 to $90.00 and gave the company a buy rating in a report on Thursday, May 30th. Finally, Compass Point boosted their price objective on FTAI Aviation from $88.00 to $96.00 and gave the company a buy rating in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $104.23.

FTAI Aviation Stock Up 6.9 %

FTAI stock opened at $112.63 on Thursday. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 56.60 and a beta of 2.03. FTAI Aviation has a 12-month low of $31.73 and a 12-month high of $115.00. The company’s fifty day simple moving average is $94.13 and its 200 day simple moving average is $73.53.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 156.50%. The firm had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. During the same quarter in the previous year, the firm earned $0.22 EPS. FTAI Aviation’s quarterly revenue was up 11.6% on a year-over-year basis. Research analysts expect that FTAI Aviation will post 2.04 earnings per share for the current year.

Insider Activity at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams bought 59,000 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were bought at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the completion of the transaction, the chief executive officer now directly owns 197,382 shares in the company, valued at $16,185,324. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its position in FTAI Aviation by 37.4% in the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 231 shares during the last quarter. CWM LLC purchased a new position in FTAI Aviation in the fourth quarter worth $43,000. USA Financial Formulas boosted its position in FTAI Aviation by 1,684.6% in the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,533 shares during the last quarter. Tucker Asset Management LLC boosted its position in FTAI Aviation by 726.5% in the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,453 shares during the last quarter. Finally, RiverPark Advisors LLC purchased a new position in FTAI Aviation in the second quarter worth $202,000. Hedge funds and other 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.