FTAI Aviation's Price Target Increased by Stifel Nicolaus

FTAI Aviation (NYSE:FTAI) has received an updated price target from Stifel Nicolaus, moving from $156.00 to $167.00 as reported recently. This recommendation was made in a research report issued on a Tuesday. The investment firm maintains a "buy" rating on the stock of the financial services provider, suggesting a potential upside of 12.90% based on the company's closing price prior to the announcement.

FTAI Aviation has garnered attention from various research firms recently. For instance, Compass Point raised their price target on FTAI from $175.00 to $181.00 on December 17th, retaining a "buy" rating. Similarly, Jefferies Financial Group increased its target price from $140.00 to $155.00 in their report dated September 30th, also recommending a buy. Additionally, Deutsche Bank raised its price estimate from $125.00 to $160.00 on October 22nd, maintaining their buy recommendation. Barclays revised their target price for FTAI from $135.00 to $180.00, indicating an overweight rating on December 4th. Lastly, Benchmark issued a significant increase in their price target from $150.00 to $300.00, citing a buy rating on November 1st. The stock currently holds a consensus rating of “Moderate Buy” with 10 analysts rating it as a buy, one as hold, and two as a sell according to MarketBeat, which shows a consensus price target of $176.18.

FTAI Aviation Stock Performance

On Tuesday, FTAI Aviation’s stock rose by 16.9%, trading up $21.41 to reach $147.92. The trading volume was notably high, with 1,774,999 shares exchanged compared to the average of 1,077,546 shares. FTAI Aviation has a market cap of $15.17 billion and a price-to-earnings (P/E) ratio of -1,479.05 along with a beta of 2.06. The stock’s 50-day moving average stands at $149.10, while its 200-day moving average is at $127.59. Over the past year, the stock has ranged from a low of $44.65 to a high of $177.18.

In its most recent earnings report published on October 30th, FTAI Aviation announced an earnings per share (EPS) of $0.76, falling short of analysts’ expectations of $0.77 by a slight margin. The company's revenue for the quarter was $465.80 million, exceeding expectations of $422.45 million. Furthermore, FTAI Aviation showed a remarkable return on equity of 206.25% with a net margin of 1.59%. Compared to the same quarter last year, revenue increased by 60.0% as the company posted $0.33 EPS the previous year. Analysts predict that FTAI Aviation will realize 2.21 earnings per share for the current fiscal year.

Stake Changes by Institutional Investors

Several institutional investors have recently adjusted their positions in FTAI Aviation. Geode Capital Management LLC raised its holdings in FTAI by 2.7% during the third quarter, owning 2,386,325 shares valued at $317,202,000 after acquiring an additional 61,897 shares. State Street Corp also increased its position, now holding 2,325,049 shares worth $308,999,000 after a 1.7% increase. Meanwhile, Westfield Capital Management Co. LP made notable gains, boosting their holdings by 87.1% to own 1,660,031 shares worth $220,618,000. Furthermore, JPMorgan Chase & Co. raised its stake by 18.7%, owning 1,154,808 shares valued at approximately $153,474,000, while Two Sigma Advisers LP raised its stake in the company by 10.0%, now holding 1,048,600 shares worth around $139,359,000. Overall, institutional investors own about 88.96% of FTAI's stock.

Understanding FTAI Aviation

FTAI Aviation Ltd., engaged in the field of aviation and offshore energy, focuses on owning and acquiring equipment for transporting goods and people globally. It operates in two primary segments: Aviation Leasing and Aerospace Products. The Aviation Leasing segment contains aviation assets, including aircraft and engines, which are leased and sold to customers.

FTAI, Stocks, Earnings