FTAI Aviation (NYSE:FTAI) Raised to “Sell” at StockNews.com

StockNews.com upgraded shares of FTAI Aviation (NYSE:FTAI) to a sell rating in a report released on Thursday morning.

FTAI has been the topic of a number of other reports. Royal Bank of Canada upped their target price on shares of FTAI Aviation from $85.00 to $95.00 and gave the company an outperform rating in a report on Friday, June 7th. Wolfe Research lowered shares of FTAI Aviation from an outperform rating to a peer perform rating in a report on Wednesday, July 10th. Benchmark restated a buy rating and issued a $100.00 target price on shares of FTAI Aviation in a report on Wednesday. Jefferies Financial Group started coverage on shares of FTAI Aviation in a report on Tuesday, June 25th. They issued a buy rating and a $120.00 target price on the stock. Finally, Compass Point upped their price objective on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a buy rating in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $104.23.

FTAI Aviation Trading Up 6.9 %

NYSE:FTAI opened at $112.63 on Thursday. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 56.60 and a beta of 2.03. The company’s 50-day moving average is $94.13 and its two-hundred day moving average is $73.53. FTAI Aviation has a 12-month low of $31.73 and a 12-month high of $115.00.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The firm had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 156.50%. FTAI Aviation’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share. On average, equities research analysts forecast that FTAI Aviation will post 2.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other FTAI Aviation news, CEO Joseph P. Jr. Adams bought 59,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the transaction, the chief executive officer now owns 197,382 shares in the company, valued at $16,185,324. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of FTAI Aviation

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in FTAI Aviation by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after purchasing an additional 533,381 shares in the last quarter. Capital International Investors acquired a new stake in FTAI Aviation during the 1st quarter worth approximately $274,052,000. CIBC Private Wealth Group LLC grew its position in FTAI Aviation by 90.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after acquiring an additional 1,359,302 shares in the last quarter. Norges Bank acquired a new stake in FTAI Aviation in the fourth quarter valued at approximately $55,039,000. Finally, Charles Schwab Investment Management Inc. grew its position in FTAI Aviation by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,042,325 shares of the financial services provider’s stock valued at $48,364,000 after acquiring an additional 71,904 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.