FTAI Aviation (NYSE:FTAI) Given New $135.00 Price Target at Barclays

FTAI Aviation (NYSE:FTAI) had its price objective hoisted by stock analysts at Barclays from $110.00 to $135.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Barclays‘s price target points to a potential downside of 7.06% from the stock’s previous close.

Several other equities research analysts have also weighed in on FTAI. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Benchmark increased their price target on FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Compass Point lifted their price objective on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Royal Bank of Canada reissued a “buy” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and an average target price of $146.91.

FTAI Aviation Trading Up 8.0 %

NYSE FTAI traded up $10.81 during trading hours on Friday, reaching $145.25. 655,136 shares of the company traded hands, compared to its average volume of 1,031,423. The stock has a market capitalization of $14.85 billion, a PE ratio of -1,452.40 and a beta of 2.04. The company has a 50 day moving average of $131.88 and a two-hundred day moving average of $105.59. FTAI Aviation has a 12 month low of $38.57 and a 12 month high of $149.74.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The company had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. FTAI Aviation’s revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 EPS. On average, equities research analysts anticipate that FTAI Aviation will post 2.17 earnings per share for the current year.

Institutional Trading of FTAI Aviation

Hedge funds and other institutional investors have recently modified their holdings of the business. Arcadia Investment Management Corp MI purchased a new position in shares of FTAI Aviation in the 2nd quarter valued at $33,000. Farther Finance Advisors LLC lifted its holdings in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 189 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in shares of FTAI Aviation during the 2nd quarter worth about $59,000. D.B. Root & Company LLC acquired a new stake in shares of FTAI Aviation in the third quarter worth approximately $221,000. Finally, Motiv8 Investments LLC purchased a new position in shares of FTAI Aviation in the 3rd quarter worth about $225,000. 88.96% of the stock is 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.