Royal Bank Of Canada Cuts FTAI Aviation (NASDAQ:FTAI) Price Target to $300.00

FTAI Aviation (NASDAQ:FTAI) had its target price decreased by Royal Bank Of Canada from $350.00 to $300.00 in a research note released on Monday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the financial services provider’s stock.

FTAI has been the subject of a number of other reports. BTIG Research upped their price target on FTAI Aviation from $340.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings upgraded FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 17th. Citizens Jmp initiated coverage on FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective on the stock. Morgan Stanley restated an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Finally, Zacks Research downgraded FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $334.38.

FTAI Aviation Stock Performance

FTAI opened at $197.37 on Monday. FTAI Aviation has a twelve month low of $126.20 and a twelve month high of $323.51. The firm has a market capitalization of $20.25 billion, a PE ratio of 39.16, a PEG ratio of 0.86 and a beta of 1.46. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00. The firm’s 50-day moving average price is $240.70 and its 200 day moving average price is $253.99.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $953.09 million during the quarter. During the same period last year, the firm posted $1.57 EPS. The company’s revenue was up 40.9% compared to the same quarter last year. As a group, sell-side analysts expect that FTAI Aviation will post 6.77 EPS for the current fiscal year.

Insider Activity at FTAI Aviation

In related news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Martin Tuchman sold 67,500 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the transaction, the director owned 210,491 shares of the company’s stock, valued at $50,936,717.09. The trade was a 24.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 254,515 shares of company stock worth $61,599,445. Corporate insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

Several large investors have recently modified their holdings of FTAI. SJS Investment Consulting Inc. increased its position in shares of FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares during the last quarter. Meeder Asset Management Inc. lifted its position 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 buying an additional 64 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in FTAI Aviation in the fourth quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in FTAI Aviation during the second quarter worth about $37,000. Finally, Root Financial Partners LLC boosted its stake in FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.