FTAI Aviation (NYSE:FTAI) Upgraded at StockNews.com

FTAI Aviation (NYSE:FTAI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Other analysts have also issued reports about the stock. Morgan Stanley increased their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Benchmark increased their price target on shares of FTAI Aviation from $45.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Stifel Nicolaus reissued a “hold” rating and set a $59.00 price target (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Finally, Barclays increased their price target on shares of FTAI Aviation from $52.00 to $62.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.45.

FTAI Aviation Price Performance

NYSE:FTAI opened at $66.72 on Tuesday. FTAI Aviation has a 1-year low of $23.84 and a 1-year high of $67.35. The company has a 50-day moving average of $56.34 and a 200 day moving average of $45.88. The firm has a market cap of $6.69 billion, a PE ratio of 31.77 and a beta of 1.89.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.72. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The company had revenue of $312.74 million during the quarter, compared to analyst estimates of $310.04 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts anticipate that FTAI Aviation will post 2.43 EPS for the current fiscal year.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its position in FTAI Aviation by 37.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after buying an additional 231 shares during the last quarter. CWM LLC purchased a new position in shares of FTAI Aviation during the 4th quarter valued at approximately $43,000. Tucker Asset Management LLC purchased a new position in shares of FTAI Aviation during the 2nd quarter valued at approximately $51,000. KBC Group NV purchased a new position in shares of FTAI Aviation during the 4th quarter valued at approximately $71,000. Finally, Operose Advisors LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter valued at approximately $75,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.