Fintel reports that on February 26, 2024, Stifel downgraded their outlook for FTAI Aviation (NasdaqGS:FTAI) from Buy to Hold .
Analyst Price Forecast Suggests 10.25% Downside
As of February 24, 2024, the average one-year price target for FTAI Aviation is 50.68. The forecasts range from a low of 40.40 to a high of $67.72. The average price target represents a decrease of 10.25% from its latest reported closing price of 56.46.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for FTAI Aviation is 1,386MM, an increase of 18.37%. The projected annual non-GAAP EPS is 3.17.
What is the Fund Sentiment?
There are 467 funds or institutions reporting positions in FTAI Aviation. This is an increase of 43 owner(s) or 10.14% in the last quarter. Average portfolio weight of all funds dedicated to FTAI is 0.90%, an increase of 9.25%. Total shares owned by institutions increased in the last three months by 0.20% to 101,686K shares. 
The put/call ratio of FTAI is 1.26, indicating a bearish outlook.
What are Other Shareholders Doing?
Washington State Investment Board holds 8,307K shares representing 8.29% ownership of the company. No change in the last quarter.
Frontier Capital Management Co holds 4,561K shares representing 4.55% ownership of the company. In it's prior filing, the firm reported owning 5,101K shares, representing a decrease of 11.83%. The firm increased its portfolio allocation in FTAI by 7.25% over the last quarter.
Hood River Capital Management holds 3,458K shares representing 3.45% ownership of the company. In it's prior filing, the firm reported owning 3,572K shares, representing a decrease of 3.29%. The firm increased its portfolio allocation in FTAI by 8.23% over the last quarter.
Broad Bay Capital Management holds 2,940K shares representing 2.93% ownership of the company. No change in the last quarter.
CIBC Private Wealth Group holds 2,859K shares representing 2.85% ownership of the company. In it's prior filing, the firm reported owning 1,499K shares, representing an increase of 47.55%. The firm increased its portfolio allocation in FTAI by 122.73% over the last quarter.
FTAI Aviation Background Information
(This description is provided by the company.)
Fortress Transportation and Infrastructure Investors LLC owns and acquires high quality infrastructure and equipment that is essential for the transportation of goods and people globally. FTAI targets assets that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm.
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