FTAI Aviation Receives Price Target Increase from Stifel Nicolaus

FTAI Aviation (NYSE:FTAI) has recently seen its price target raised by analysts at Stifel Nicolaus from $156.00 to $167.00 in a report issued on Tuesday. The analysts have also assigned a "buy" rating to the financial services provider's stock. This new price target suggests a potential increase of approximately 12.90% from the previous closing price.

FTAI Aviation has been featured in several other research reports as well. For instance, Compass Point adjusted their price target higher from $175.00 to $181.00, maintaining a "buy" rating as of December 17th. Jefferies Financial Group also raised its target for FTAI shares from $140.00 to $155.00, reiterating a "buy" rating dated September 30th. Additionally, Deutsche Bank increased their target price from $125.00 to $160.00 on October 22nd, keeping a "buy" rating intact. Similarly, Barclays raised their target from $135.00 to $180.00 and classified the stock as "overweight" on December 4th. Benchmark has been even more bullish, increasing their price target from $150.00 all the way to $300.00 and confirming a "buy" rating on November 1st.

Currently, the stock has received various ratings: two analysts have given it a sell rating, one analyst rates it as hold, while ten analysts have issued a buy rating. According to MarketBeat, FTAI Aviation holds a consensus rating of "Moderate Buy" and a consensus target price of $176.18.

FTAI Aviation Stock Performance

On Tuesday, FTAI stock climbed 16.9%, reaching $147.92 during trading hours. The volume of shares traded was 1,774,999, surpassing the average trading volume of 1,077,546. The current market capitalization of FTAI Aviation stands at $15.17 billion. The firm's price-to-earnings (PE) ratio is reported at -1,479.05, with a beta value of 2.06. FTAI's 50-day moving average sits at $149.10, while the 200-day moving average is at $127.59. Over the past year, FTAI Aviation has experienced a low of $44.65 and a high of $177.18.

FTAI Aviation last announced its quarterly earnings on October 30th. The financial services provider reported earnings of $0.76 per share, which fell short of analysts' consensus estimates of $0.77 by $0.01. The company recorded revenues of $465.80 million for the quarter, surpassing the expected revenue of $422.45 million. With a return on equity of 206.25% and a net margin of 1.59%, FTAI's revenue increased by 60.0% year-over-year. A year ago, the company reported earnings of $0.33 per share during the same quarter. Analysts predict that FTAI Aviation will report earnings of $2.21 per share for the current year.

Institutional Investor Interest

Several institutional investors have recently changed their stakes in FTAI Aviation. Geode Capital Management LLC raised its holdings by 2.7% in the third quarter, now owning 2,386,325 shares valued at $317,202,000 after adding 61,897 shares last quarter. State Street Corp increased its position by 1.7%, now holding 2,325,049 shares worth $308,999,000 after acquiring an additional 38,279 shares. Westfield Capital Management Co. LP grew its stake by an impressive 87.1%, now owning 1,660,031 shares valued at $220,618,000 after purchasing an additional 773,017 shares. JPMorgan Chase & Co. raised their holdings by 18.7%, possessing 1,154,808 shares worth $153,474,000 after acquiring an additional 182,252 shares during this period. Furthermore, Two Sigma Advisers LP increased its stake by 10.0%, now owning 1,048,600 shares valued at $139,359,000 after adding 95,200 shares. Overall, institutional investors hold approximately 88.96% of FTAI's stock.

About FTAI Aviation

FTAI Aviation Ltd. is engaged in the ownership and acquisition of aviation and offshore energy equipment used for transporting goods and people globally. The company operates through two main segments: Aviation Leasing and Aerospace Products. The Aviation Leasing segment focuses on owning and managing aviation assets, including aircraft and aircraft engines, which are leased or sold to customers.

FTAI, Aviation, Stocks