FTAI Aviation (NYSE:FTAI) Earns “Buy” Rating from Benchmark

Benchmark reissued their buy rating on shares of FTAI Aviation (NYSE:FTAI) in a research note released on Wednesday, Benzinga reports. Benchmark currently has a $100.00 price objective on the financial services provider’s stock.

Several other research analysts also recently commented on FTAI. Citigroup lifted their target price on shares of FTAI Aviation from $81.00 to $99.00 and gave the stock a buy rating in a report on Tuesday, June 11th. Morgan Stanley lifted their target price on shares of FTAI Aviation from $85.00 to $105.00 and gave the stock an overweight rating in a report on Thursday, June 13th. StockNews.com upgraded shares of FTAI Aviation to a sell rating in a report on Tuesday, July 16th. Barclays lifted their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a report on Thursday, April 4th. Finally, Royal Bank of Canada lifted their target price on shares of FTAI Aviation from $85.00 to $95.00 and gave the stock an outperform rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $104.23.

FTAI Aviation Trading Up 6.9 %

FTAI Aviation stock opened at $112.63 on Wednesday. The company has a market capitalization of $11.29 billion, a P/E ratio of 51.43 and a beta of 2.03. The firm’s fifty day simple moving average is $94.13 and its 200-day simple moving average is $73.34. FTAI Aviation has a 1-year low of $31.73 and a 1-year high of $115.00.

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

Insider Activity

In other FTAI Aviation news, CEO Joseph P. Jr. Adams bought 59,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the transaction, the chief executive officer now owns 197,382 shares in the company, valued at $16,185,324. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Trading of FTAI Aviation

Several institutional investors have recently made changes to their positions in FTAI. Vanguard Group Inc. boosted its position in shares of FTAI Aviation by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 8,422,511 shares of the financial services provider’s stock valued at $299,420,000 after acquiring an additional 110,367 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in FTAI Aviation by 37.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 231 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its holdings in FTAI Aviation by 9,008.0% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 8,015 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 7,927 shares during the last quarter. International Assets Investment Management LLC bought a new position in FTAI Aviation during the 4th quarter valued at about $6,722,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in FTAI Aviation by 2.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,389 shares of the financial services provider’s stock valued at $2,106,000 after purchasing an additional 902 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.