Morgan Stanley Cuts FTAI Aviation (NYSE:FTAI) Price Target to $138.00

FTAI Aviation (NYSE:FTAI) had its price target lowered by research analysts at Morgan Stanley from $168.00 to $138.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price would suggest a potential upside of 43.11% from the company’s current price.

Several other equities research analysts have also issued reports on FTAI. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research report on Thursday, March 6th. Compass Point increased their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. BTIG Research boosted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Finally, Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $172.83.

FTAI Aviation Stock Performance

Shares of FTAI opened at $96.43 on Friday. The firm has a market cap of $9.89 billion, a PE ratio of -964.20 and a beta of 1.79. The firm’s 50 day moving average price is $112.36 and its 200 day moving average price is $131.14. FTAI Aviation has a twelve month low of $66.22 and a twelve month high of $181.64.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FTAI. Virtus Fund Advisers LLC bought a new position in shares of FTAI Aviation during the 4th quarter worth about $26,000. Transce3nd LLC acquired a new stake in FTAI Aviation during the fourth quarter valued at approximately $29,000. Kapitalo Investimentos Ltda bought a new stake in shares of FTAI Aviation in the 4th quarter valued at approximately $30,000. Versant Capital Management Inc raised its holdings in shares of FTAI Aviation by 420.9% in the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider’s stock worth $25,000 after buying an additional 181 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $31,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

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.