FTAI Aviation (NASDAQ:FTAI) Rating Lowered to “Hold” at Zacks Research

FTAI Aviation (NASDAQ:FTAI) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on FTAI. Barclays raised their target price on FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Citigroup reissued an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Morgan Stanley reissued an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. BTIG Research raised their target price on FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Finally, Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $326.88.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $252.13 on Thursday. FTAI Aviation has a one year low of $108.47 and a one year high of $323.51. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. The business has a fifty day moving average of $246.20 and a two-hundred day moving average of $231.75. The company has a market cap of $25.86 billion, a P/E ratio of 50.03, a price-to-earnings-growth ratio of 0.99 and a beta of 1.49.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The business had revenue of $830.70 million during the quarter. During the same period in the prior year, the business posted $0.87 earnings per share. The business’s revenue for the quarter was up 65.4% compared to the same quarter last year. As a group, analysts predict that FTAI Aviation will post 6.77 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Martin Tuchman sold 143,584 shares of FTAI Aviation stock in a transaction 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 owned 236,302 shares of the company’s stock, valued at $57,289,056.88. The trade was a 37.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, 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

Several hedge funds and other institutional investors have recently made changes to their positions in FTAI. AQR Capital Management LLC acquired a new position in shares of FTAI Aviation during the 1st quarter worth $242,000. Cetera Investment Advisers raised its stake in shares of FTAI Aviation by 73.3% during the 2nd quarter. Cetera Investment Advisers now owns 5,597 shares of the financial services provider’s stock worth $644,000 after buying an additional 2,368 shares during the last quarter. Invesco Ltd. raised its stake in shares of FTAI Aviation by 23.8% during the 2nd quarter. Invesco Ltd. now owns 417,375 shares of the financial services provider’s stock worth $48,015,000 after buying an additional 80,341 shares during the last quarter. Amundi raised its stake in shares of FTAI Aviation by 16,560.0% during the 2nd quarter. Amundi now owns 2,499 shares of the financial services provider’s stock worth $283,000 after buying an additional 2,484 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of FTAI Aviation during the 2nd quarter worth $2,736,000. 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.