Zacks Research Downgrades FTAI Aviation (NASDAQ:FTAI) to Strong Sell

by · The Markets Daily

FTAI Aviation (NASDAQ:FTAI – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

Several other research analysts have also recently commented on the company. Royal Bank Of Canada boosted their target price on FTAI Aviation from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Wall Street Zen downgraded FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. BTIG Research restated a “buy” rating and set a $230.00 target price on shares of FTAI Aviation in a research note on Wednesday, November 19th. Morgan Stanley lifted their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 20th. Finally, Barclays increased their price objective on shares of FTAI Aviation from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $201.11.

View Our Latest Report on FTAI Aviation

FTAI Aviation Price Performance

Shares of NASDAQ FTAI traded down $5.21 during midday trading on Thursday, hitting $176.92. The company’s stock had a trading volume of 1,438,467 shares, compared to its average volume of 882,728. The firm has a market capitalization of $18.15 billion, a price-to-earnings ratio of 40.39 and a beta of 1.56. The business’s fifty day simple moving average is $169.35 and its two-hundred day simple moving average is $148.90. FTAI Aviation has a 1 year low of $75.06 and a 1 year high of $194.36.

FTAI Aviation (NASDAQ:FTAI – Get Free Report) last released its earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.09). The business had revenue of $667.06 million for the quarter, compared to analyst estimates of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.FTAI Aviation’s quarterly revenue was up 43.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 earnings per share. Analysts anticipate that FTAI Aviation will post 2.2 EPS for the current fiscal year.

Insider Activity

In other news, COO David Moreno purchased 4,354 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were purchased at an average price of $153.89 per share, for a total transaction of $670,037.06. Following the purchase, the chief operating officer directly owned 4,354 shares of the company’s stock, valued at $670,037.06. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of FTAI Aviation

A number of hedge funds have recently added to or reduced their stakes in FTAI. Wellington Management Group LLP raised its stake in shares of FTAI Aviation by 159.6% during the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider’s stock worth $260,658,000 after purchasing an additional 1,443,440 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in FTAI Aviation by 67.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after buying an additional 1,238,294 shares during the period. Norges Bank purchased a new position in FTAI Aviation during the 2nd quarter worth $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of FTAI Aviation by 1,678.6% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock worth $131,208,000 after acquiring an additional 1,076,416 shares during the period. Finally, Capital World Investors lifted its stake in shares of FTAI Aviation by 17.3% in the 3rd quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock worth $1,054,649,000 after acquiring an additional 933,944 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

(Get Free Report)

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.

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