FTAI Aviation (NYSE:FTAI) Upgraded at Citizens Jmp

FTAI Aviation (NYSE:FTAI) was upgraded by investment analysts at Citizens Jmp to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other brokerages have also recently commented on FTAI. Barclays reduced their price target on FTAI Aviation from $180.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. Morgan Stanley lowered their price objective on shares of FTAI Aviation from $168.00 to $138.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, JMP Securities cut their target price on shares of FTAI Aviation from $190.00 to $180.00 and set a “market outperform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.83.

FTAI Aviation Stock Down 2.6 %

NYSE:FTAI opened at $107.12 on Thursday. FTAI Aviation has a twelve month low of $75.06 and a twelve month high of $181.64. The company has a market cap of $10.99 billion, a P/E ratio of -1,071.09 and a beta of 1.64. The business has a 50 day moving average price of $103.06 and a two-hundred day moving average price of $125.42.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. During the same quarter in the prior year, the company posted $0.31 earnings per share. FTAI Aviation’s revenue for the quarter was up 53.7% on a year-over-year basis. As a group, analysts anticipate that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, COO David Moreno acquired 6,580 shares of the company’s stock in a transaction on Friday, May 2nd. The stock was acquired at an average price of $94.85 per share, for a total transaction of $624,113.00. Following the purchase, the chief operating officer now directly owns 231,623 shares of the company’s stock, valued at $21,969,441.55. This trade represents a 2.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joseph P. Jr. Adams bought 3,000 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $94.54 per share, for a total transaction of $283,620.00. Following the transaction, the chief executive officer now owns 341,852 shares in the company, valued at approximately $32,318,688.08. This represents a 0.89 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 10,667 shares of company stock valued at $1,008,715 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors have recently made changes to their positions in FTAI. CenterBook Partners LP acquired a new position in FTAI Aviation in the 1st quarter valued at $1,071,000. Nicholas Hoffman & Company LLC. boosted its position in shares of FTAI Aviation by 150.0% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 5,000 shares of the financial services provider’s stock worth $555,000 after acquiring an additional 3,000 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in FTAI Aviation by 133.1% in the first quarter. Atria Wealth Solutions Inc. now owns 3,324 shares of the financial services provider’s stock valued at $369,000 after acquiring an additional 1,898 shares during the last quarter. Costello Asset Management INC acquired a new position in FTAI Aviation during the first quarter valued at approximately $80,000. Finally, American Assets Investment Management LLC lifted its stake in FTAI Aviation by 1,579.5% during the first quarter. American Assets Investment Management LLC now owns 149,929 shares of the financial services provider’s stock worth $16,647,000 after purchasing an additional 141,002 shares during the last quarter. 88.96% of the stock is currently owned by 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.