FTAI Aviation (FTAI – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Andre Madrid from BTIG maintained a Buy rating on the stock and has a $190.00 price target.
Andre Madrid has given his Buy rating due to a combination of factors that highlight FTAI Aviation’s strong financial performance and strategic initiatives. The company reported an impressive adjusted EBITDA for the fourth quarter of 2024, surpassing both consensus and BTIG’s estimates, primarily driven by significant growth in its Aerospace Products segment. This growth is exemplified by the production of 136 modules in the quarter, indicating robust operational capabilities.
Additionally, the announcement of the QuickTurn Europe joint venture is expected to enhance FTAI’s maintenance capacity significantly, further supporting future growth prospects. The Strategic Capital Initiative, securing a substantial asset-level debt financing commitment, positions the company to deploy over $4 billion in capital for acquiring aircraft, exceeding initial expectations. These strategic moves, along with a maintained positive outlook for adjusted EBITDA and free cash flow in 2025, underpin Madrid’s confidence in FTAI’s continued success and justify the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $180.00 price target.
FTAI’s price has also changed moderately for the past six months – from $122.150 to $140.320, which is a 14.88% increase.