FTAI Aviation (NASDAQ:FTAI – Get Free Report) had its price objective boosted by investment analysts at Citizens Jmp from $325.00 to $375.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s target price would indicate a potential upside of 76.10% from the company’s previous close.
A number of other equities analysts also recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and set a $319.00 price target on shares of FTAI Aviation in a research report on Friday, May 8th. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 2nd. Jefferies Financial Group restated a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.12.
Check Out Our Latest Analysis on FTAI
FTAI Aviation Stock Up 3.3%
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The firm had revenue of $830.70 million for the quarter. During the same period in the previous year, the firm posted $0.87 EPS. The business’s quarterly revenue was up 65.4% compared to the same quarter last year. On average, sell-side analysts anticipate that FTAI Aviation will post 6.77 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Martin Tuchman sold 143,584 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $242.44, for a total value of $34,810,504.96. Following the completion of the sale, the director directly owned 236,302 shares in the company, valued at $57,289,056.88. The trade was a 37.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Judith A. Hannaway sold 255 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the transaction, the director directly owned 3,012 shares in the company, valued at approximately $764,716.68. This represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 254,515 shares of company stock worth $61,599,445. Insiders own 1.35% of the company’s stock.
Institutional Investors Weigh In On FTAI Aviation
Hedge funds and other institutional investors have recently modified their holdings of the company. SJS Investment Consulting Inc. boosted its position in shares of FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 59 shares during the period. Meeder Asset Management Inc. raised its stake in FTAI Aviation by 142.2% in the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 64 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in FTAI Aviation during the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in FTAI Aviation in the 2nd quarter valued at about $37,000. Finally, Root Financial Partners LLC increased its holdings in FTAI Aviation by 40.9% in the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.
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.
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