Compass Point Increases FTAI Aviation (NYSE:FTAI) Price Target to $96.00

FTAI Aviation (NYSE:FTAIGet Free Report) had its price target raised by equities researchers at Compass Point from $88.00 to $96.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. Compass Point’s target price would suggest a potential upside of 18.11% from the stock’s current price.

A number of other brokerages have also recently commented on FTAI. Barclays increased their target price on FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Stifel Nicolaus upped their target price on shares of 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 began coverage on shares of FTAI Aviation in a report on Friday, May 3rd. They set an “outperform” rating and a $85.00 price target for the company. Benchmark reissued a “buy” rating and set a $100.00 price objective on shares of FTAI Aviation in a research note on Thursday, May 2nd. Finally, Morgan Stanley lifted their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.59.

Read Our Latest Report on FTAI Aviation

FTAI Aviation Stock Up 2.7 %

FTAI opened at $81.28 on Wednesday. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 37.11 and a beta of 1.90. FTAI Aviation has a 52 week low of $27.29 and a 52 week high of $86.31. The business’s 50 day moving average is $74.13 and its two-hundred day moving average is $58.28.

FTAI Aviation (NYSE:FTAIGet Free Report) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The company had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. During the same period in the previous year, the firm posted $0.22 EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts expect that FTAI Aviation will post 1.88 EPS for the current fiscal year.

Insider Activity

In other news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now owns 197,382 shares in the company, valued at approximately $16,185,324. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FTAI Aviation

A number of large investors have recently added to or reduced their stakes in FTAI. Principal Financial Group Inc. raised its stake in shares of FTAI Aviation by 8.5% in the third quarter. Principal Financial Group Inc. now owns 47,262 shares of the financial services provider’s stock valued at $1,680,000 after purchasing an additional 3,712 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of FTAI Aviation by 2,121.9% in the third quarter. Victory Capital Management Inc. now owns 237,635 shares of the financial services provider’s stock valued at $8,448,000 after purchasing an additional 226,940 shares in the last quarter. Arizona State Retirement System raised its stake in shares of FTAI Aviation by 1.4% in the third quarter. Arizona State Retirement System now owns 28,396 shares of the financial services provider’s stock valued at $1,009,000 after purchasing an additional 384 shares in the last quarter. Barclays PLC raised its stake in shares of FTAI Aviation by 271.4% in the third quarter. Barclays PLC now owns 182,684 shares of the financial services provider’s stock valued at $6,495,000 after purchasing an additional 133,499 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of FTAI Aviation by 13.9% in the third quarter. New York State Common Retirement Fund now owns 255,378 shares of the financial services provider’s stock valued at $9,079,000 after purchasing an additional 31,233 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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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.

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