Citigroup Issues Positive Forecast for FTAI Aviation (NYSE:FTAI) Stock Price

FTAI Aviation (NYSE:FTAI) had its price objective lifted by Citigroup from $134.00 to $165.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research analysts have also recently weighed in on the company. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. BTIG Research initiated coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They set a “buy” rating and a $140.00 price target for the company. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and raised their price objective for the company from $69.00 to $132.00 in a research report on Friday, July 26th. Finally, Wolfe Research downgraded FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $144.64.

FTAI Aviation Trading Down 7.5 %

Shares of NYSE:FTAI opened at $134.44 on Monday. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 61.39 and a beta of 2.04. The stock’s 50-day moving average price is $131.88 and its two-hundred day moving average price is $105.59. FTAI Aviation has a 12-month low of $36.25 and a 12-month high of $149.74.

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 analysts’ consensus estimates of $0.75 by $0.01. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The company had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same quarter last year, the firm posted $0.33 earnings per share. FTAI Aviation’s revenue was up 60.0% on a year-over-year basis. As a group, research analysts forecast that FTAI Aviation will post 2.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently bought and sold shares of the business. Foundations Investment Advisors LLC boosted its stake in FTAI Aviation by 5.8% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock valued at $352,000 after acquiring an additional 145 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock worth $1,163,000 after buying an additional 216 shares during the last quarter. Xponance Inc. grew its position in shares of FTAI Aviation by 4.1% in the 2nd quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 248 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of FTAI Aviation during the 2nd quarter valued at approximately $33,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.