FTAI Aviation (NYSE:FTAI) Shares Gap Up After Analyst Upgrade

FTAI Aviation Ltd. (NYSE:FTAI) gapped up prior to trading on Friday after Barclays raised their price target on the stock from $110.00 to $135.00. The stock had previously closed at $134.44, but opened at $148.90. Barclays currently has an overweight rating on the stock. FTAI Aviation shares last traded at $145.35, with a volume of 527,306 shares changing hands.

A number of other research analysts also recently weighed in on FTAI. Deutsche Bank Aktiengesellschaft increased their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Citigroup upped their price target on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday. Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. JMP Securities upped their target price on shares of FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a research note on Thursday, July 25th. Finally, Wolfe Research cut shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $146.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in FTAI Aviation by 10.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 19,942 shares of the financial services provider’s stock valued at $1,342,000 after acquiring an additional 1,958 shares in the last quarter. Private Advisor Group LLC grew its position in FTAI Aviation by 10.7% in the first quarter. Private Advisor Group LLC now owns 12,654 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 1,221 shares in the last quarter. Diversify Advisory Services LLC bought a new position in FTAI Aviation in the first quarter valued at $240,000. Sequoia Financial Advisors LLC bought a new stake in FTAI Aviation during the 1st quarter worth about $1,111,000. Finally, SG Americas Securities LLC acquired a new position in shares of FTAI Aviation during the 1st quarter worth about $384,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

The company has a fifty day moving average price of $131.88 and a two-hundred day moving average price of $105.59. The company has a market cap of $14.85 billion, a P/E ratio of -1,452.40 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.01. FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter in the previous year, the firm earned $0.33 EPS. The business’s quarterly revenue was up 60.0% on a year-over-year basis. Research analysts anticipate that FTAI Aviation Ltd. will post 2.17 EPS for the current year.

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.