BTIG analyst Gregory Lewis maintained a Buy rating on FTAI Aviation (FTAI – Research Report) on November 24 and set a price target of $42.00. The company’s shares closed last Friday at $41.80.
Lewis covers the Energy sector, focusing on stocks such as International Seaways, TechnipFMC, and Helix Energy. According to TipRanks, Lewis has an average return of -4.5% and a 42.02% success rate on recommended stocks.
FTAI Aviation has an analyst consensus of Strong Buy, with a price target consensus of $44.14, implying a 5.60% upside from current levels. In a report released on November 10, Citi also maintained a Buy rating on the stock with a $50.00 price target.
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Based on FTAI Aviation’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $291.1 million and a net profit of $32.97 million. In comparison, last year the company earned a revenue of $230.37 million and had a GAAP net loss of $22.85 million
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FTAI Aviation (FTAI) Company Description:
Fortress Transportation & Infrastructure Investors LLC engages in acquiring, managing and disposing of transportation and transportation-related infrastructure and equipment assets. It operates through the following segments: Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal, Railroad, Ports and Terminals, and Corporate. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease and are typically held long-term. The Offshore Energy segment comprises of vessels and equipment that support offshore oil and gas activities and are typically subject to long-term operating leases. The Shipping Containers segment includes an investment in an unconsolidated entity engaged in the leasing of shipping containers on both an operating lease and finance lease basis. The Jefferson Terminal segment consists of a multi-modal crude and refined products terminal. The Railroad segment refers to Central Maine and Quebec Railway short line railroad operations. The Ports and Terminals consists of Repauno, a 1,630 acre deep-water port located along the Delaware River with an underground storage cavern and multiple industrial development opportunities, and Long Ridge, acquired in June 2017, a 1,660 acre multi-modal port located along the Ohio River with rail, dock, and multiple industrial development opportunities. The Corporate segment includes unallocated corporate general and administrative expenses and management fees. The company was founded on February 19, 2014 and is headquartered in New York, NY.
Read More on FTAI:
- FTAI Aviation price target raised to $50 from $40 at Citi
- FTAI Aviation price target raised to $45 from $39 at Deutsche Bank
- FTAI Aviation Ltd. Reports Third Quarter 2023 Results, Declares Dividend of $0.30 per Ordinary Share
- FTAI Aviation reports Q3 EPS 33c, consensus 42c
- TipRanks ‘Perfect 10’ List: These Top-Rated Stocks Are Among 2023’s Big Winners — And They Have More Room to Shine
