FTAI Aviation's (FTAI) "Outperform" Rating Reiterated at Royal Bank of Canada

FTAI Aviation (NYSE:FTAI - Get Free Report)'s stock had its "outperform" rating restated by Royal Bank of Canada in a report issued on Friday, Benzinga reports. They currently have a $160.00 target price on the financial services provider's stock. Royal Bank of Canada's target price would indicate a potential upside of 12.31% from the stock's previous close.

Several other research firms also recently weighed in on FTAI. BTIG Research began coverage on FTAI Aviation in a research note on Monday, August 26th. They issued a "buy" rating and a $140.00 price target on the stock. Compass Point increased their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the company a "buy" rating in a research report on Friday, September 27th. JMP Securities raised their price target on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a "market outperform" rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley reissued an "underperform" rating on shares of FTAI Aviation in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of "Moderate Buy" and an average price target of $162.09.

FTAI Aviation Price Performance

NYSE FTAI traded up $8.02 on Friday, hitting $142.46. The company had a trading volume of 2,497,419 shares, compared to its average volume of 1,040,113. The company's fifty day moving average price is $132.60 and its 200-day moving average price is $106.29. The company has a market capitalization of $14.56 billion, a PE ratio of -1,424.60 and a beta of 2.04. FTAI Aviation has a 12-month low of $38.57 and a 12-month high of $149.74.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released 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. The business had revenue of $465.80 million during the quarter, compared to analysts' expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 198.02%. The company's quarterly revenue was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. On average, sell-side analysts anticipate that FTAI Aviation will post 2.17 EPS for the current year.

Institutional Trading of FTAI Aviation

Several institutional investors and hedge funds have recently bought and sold shares of FTAI. Foundations Investment Advisors LLC boosted its position in shares of FTAI Aviation by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock worth $352,000 after buying an additional 145 shares during the period. Farther Finance Advisors LLC grew its position in 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 acquiring an additional 189 shares in the last quarter. Hsbc Holdings PLC increased its stake in FTAI Aviation by 2.0% during the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider's stock worth $1,163,000 after purchasing an additional 216 shares during the period. Xponance Inc. increased its stake in FTAI Aviation by 4.1% during the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider's stock worth $648,000 after purchasing an additional 248 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of FTAI Aviation during the second quarter worth about $33,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.