FTAI Aviation (NASDAQ:FTAI – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.
Several other research firms also recently commented on FTAI. BTIG Research lifted their price objective on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Morgan Stanley restated an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research note on Friday, May 8th. Royal Bank Of Canada boosted their price target on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Barclays boosted their price target on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Jefferies Financial Group restated a “buy” rating and set a $400.00 price target on shares of FTAI Aviation in a research note on Sunday, May 3rd. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $326.88.
Get Our Latest Stock Analysis on FTAI
FTAI Aviation Price Performance
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business had revenue of $830.70 million during the quarter. During the same period last year, the firm earned $0.87 EPS. The business’s quarterly revenue was up 65.4% compared to the same quarter last year. On average, sell-side analysts forecast that FTAI Aviation will post 6.77 EPS for the current year.
Insider Activity
In related news, Director Martin Tuchman sold 143,584 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $242.44, for a total transaction of $34,810,504.96. Following the completion of the transaction, the director directly owned 236,302 shares in the company, valued at approximately $57,289,056.88. The trade was a 37.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 254,260 shares of company stock worth $61,534,703. Insiders own 1.35% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of FTAI Aviation by 8.2% during the 1st quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock valued at $216,908,000 after acquiring an additional 67,097 shares during the period. Edgestream Partners L.P. bought a new position in shares of FTAI Aviation during the 1st quarter valued at approximately $4,618,000. Strategic Investment Advisors MI bought a new position in shares of FTAI Aviation during the 1st quarter valued at approximately $107,000. Sunbelt Securities Inc. lifted its holdings in FTAI Aviation by 10,250.0% in the 1st quarter. Sunbelt Securities Inc. now owns 414 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 410 shares in the last quarter. Finally, Amundi lifted its holdings in FTAI Aviation by 1,411.0% in the 1st quarter. Amundi now owns 105,319 shares of the financial services provider’s stock worth $25,803,000 after purchasing an additional 98,349 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.
About FTAI Aviation
FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.
In addition to lease origination, FTAI Aviation offers end-to-end asset management services.
See Also
- Five stocks we like better than FTAI Aviation
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for FTAI Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTAI Aviation and related companies with MarketBeat.com's FREE daily email newsletter.
