In a report released on October 27, Frank Galanti from Stifel Nicolaus maintained a Buy rating on FTAI Aviation (FTAI – Research Report), with a price target of $40.00. The company’s shares closed last Friday at $36.17.
According to TipRanks, Galanti is ranked #2638 out of 8458 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for FTAI Aviation with a $42.33 average price target, representing a 17.03% upside. In a report released on October 27, JMP Securities also reiterated a Buy rating on the stock with a $46.00 price target.
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The company has a one-year high of $37.98 and a one-year low of $15.51. Currently, FTAI Aviation has an average volume of 779.1K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FTAI in relation to earlier this year. Most recently, in August 2023, Joseph Adams, the CEO & Chairman of FTAI bought 12,999.00 shares for a total of $181,824.46.
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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 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
- FTAI Aviation price target raised to $40 from $28.18 at Citi
- FTAI Aviation Ltd. Announces Timing of Third Quarter Earnings and Conference Call
