FTAI Aviation (NASDAQ:FTAI) Given New $250.00 Price Target at Royal Bank Of Canada

FTAI Aviation (NASDAQ:FTAI) had its price target dropped by stock analysts at Royal Bank Of Canada from $300.00 to $250.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada‘s price objective indicates a potential upside of 57.98% from the company’s previous close.

Several other research firms have also recently commented on FTAI. Citizens Jmp assumed coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price for the company. BTIG Research cut their price target on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $290.00 price objective on FTAI Aviation in a research report on Friday, July 31st. Jefferies Financial Group reissued a “buy” rating and issued a $325.00 price objective on shares of FTAI Aviation in a report on Sunday, August 2nd. Finally, Barclays decreased their price objective on FTAI Aviation from $350.00 to $310.00 and set an “overweight” rating for the company in a report on Tuesday, September 15th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $304.38.

FTAI Aviation Stock Down 0.3%

Shares of FTAI Aviation stock traded down $0.42 during trading on Wednesday, hitting $158.25. 244,326 shares of the stock were exchanged, compared to its average volume of 1,529,300. FTAI Aviation has a 12 month low of $146.48 and a 12 month high of $323.51. The stock’s fifty day moving average is $180.37 and its 200 day moving average is $232.96.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). The company had revenue of $953.09 million for the quarter. The business’s revenue was up 40.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.57 EPS. As a group, equities analysts expect that FTAI Aviation will post 5.48 earnings per share for the current year.

Insider Activity at FTAI Aviation

In related news, President David Moreno acquired 2,475 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was acquired at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the acquisition, the president directly owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new stake in FTAI Aviation in the third quarter worth approximately $524,000. North Dakota State Investment Board increased its position in shares of FTAI Aviation by 2.6% during the 3rd quarter. North Dakota State Investment Board now owns 3,107 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 79 shares during the period. North Star Investment Management Corp. acquired a new position in shares of FTAI Aviation during the 3rd quarter valued at $573,000. Asset Management One Co. Ltd. bought a new stake in shares of FTAI Aviation in the 3rd quarter worth $10,493,000. Finally, Verde Servicos Internacionais S.A. raised its stake in shares of FTAI Aviation by 27.5% in the 3rd quarter. Verde Servicos Internacionais S.A. now owns 49,129 shares of the financial services provider’s stock worth $8,206,000 after buying an additional 10,597 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.