Benchmark Forecasts Strong Price Appreciation for FTAI Aviation (NYSE:FTAI) Stock

FTAI Aviation (NYSE:FTAI - Get Free Report) had its target price lifted by research analysts at Benchmark from $150.00 to $300.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the financial services provider's stock. Benchmark's price objective points to a potential upside of 110.59% from the stock's current price.

FTAI has been the subject of a number of other reports. JMP Securities boosted their price objective on FTAI Aviation from $90.00 to $132.00 and gave the company a "market outperform" rating in a research note on Thursday, July 25th. Wolfe Research cut shares of FTAI Aviation from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 10th. Compass Point lifted their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a research note on Friday, September 27th. StockNews.com upgraded FTAI Aviation to a "sell" rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $162.09.

FTAI Aviation Trading Up 6.0 %

NYSE FTAI traded up $8.02 during trading hours on Friday, hitting $142.46. 2,497,419 shares of the company's stock traded hands, compared to its average volume of 1,040,113. FTAI Aviation has a 52 week low of $38.57 and a 52 week high of $149.74. The firm has a market capitalization of $14.56 billion, a P/E ratio of -1,424.60 and a beta of 2.04. The business's fifty day moving average price is $132.60 and its two-hundred day moving average price is $106.29.

FTAI Aviation (NYSE:FTAI - Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.01. FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The company had revenue of $465.80 million for the quarter, compared to analysts' expectations of $422.45 million. During the same period last year, the firm earned $0.33 EPS. FTAI Aviation's revenue for the quarter was up 60.0% compared to the same quarter last year. On average, sell-side analysts expect that FTAI Aviation will post 2.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FTAI. D.B. Root & Company LLC purchased a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $221,000. Concurrent Investment Advisors LLC bought a new stake in FTAI Aviation during the third quarter worth approximately $498,000. Cannon Global Investment Management LLC purchased a new stake in FTAI Aviation during the third quarter valued at approximately $1,116,000. Harbor Capital Advisors Inc. raised its position in FTAI Aviation by 191.3% during the third quarter. Harbor Capital Advisors Inc. now owns 46,799 shares of the financial services provider's stock valued at $6,220,000 after purchasing an additional 30,731 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of FTAI Aviation by 118.1% in the 3rd 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 during the last quarter. 88.96% of the stock is currently owned by 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.