Deutsche Bank Aktiengesellschaft Boosts FTAI Aviation (NYSE:FTAI) Price Target to $125.00

FTAI Aviation (NYSE:FTAI) had its price target hoisted by Deutsche Bank Aktiengesellschaft from $120.00 to $125.00 in a research note issued to investors on Thursday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. Royal Bank of Canada upped their target price on FTAI Aviation from $110.00 to $120.00 and gave the company an outperform rating in a report on Thursday. Wolfe Research lowered FTAI Aviation from an outperform rating to a peer perform rating in a research report on Wednesday, July 10th. StockNews.com raised shares of FTAI Aviation to a sell rating in a report on Thursday. JMP Securities increased their price objective on shares of FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a report on Monday, April 29th. Finally, Citigroup boosted their target price on shares of FTAI Aviation from $81.00 to $99.00 and gave the company a buy rating in a research note on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $110.90.

FTAI Aviation Trading Up 6.9 %

FTAI stock opened at $112.63 on Thursday. The stock’s 50 day simple moving average is $94.13 and its 200 day simple moving average is $73.72. FTAI Aviation has a 12-month low of $31.73 and a 12-month high of $115.00. The firm has a market cap of $11.29 billion, a P/E ratio of 51.43 and a beta of 2.03.

FTAI Aviation (NYSE:FTAI) last posted its quarterly 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). FTAI Aviation had a positive return on equity of 156.50% and a negative net margin of 1.50%. The business had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, research analysts forecast that FTAI Aviation will post 2.04 EPS for the current fiscal year.

Insider Activity at FTAI Aviation

In other news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was purchased at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now owns 197,382 shares in the company, valued at approximately $16,185,324. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

Several large investors have recently made changes to their positions in FTAI. Public Employees Retirement System of Ohio lifted its stake in FTAI Aviation by 37.4% during the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 231 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of FTAI Aviation by 1.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 39,944 shares of the financial services provider’s stock valued at $2,688,000 after buying an additional 718 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of FTAI Aviation by 2.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,389 shares of the financial services provider’s stock valued at $2,106,000 after acquiring an additional 902 shares during the last quarter. CWM LLC bought a new stake in shares of FTAI Aviation during the 4th quarter worth $43,000. Finally, K.J. Harrison & Partners Inc raised its position in shares of FTAI Aviation by 2.5% during the first quarter. K.J. Harrison & Partners Inc now owns 41,000 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 1,000 shares during the period. Institutional investors 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.