FTAI Aviation Ltd. (NYSE:FTAI) Receives $67.17 Average PT from Analysts

FTAI Aviation Ltd. (NYSE:FTAI) has been given an average rating of “Moderate Buy” by the ten analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $68.95.

FTAI has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Stifel Nicolaus upped their price objective on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Benchmark restated a “buy” rating and set a $100.00 target price on shares of FTAI Aviation in a report on Thursday. JMP Securities raised their price target on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a “market outperform” rating in a report on Monday, April 29th. Finally, StockNews.com downgraded shares of FTAI Aviation from a “hold” rating to a “sell” rating in a report on Friday, April 12th.

FTAI Aviation Trading Up 3.7 %

NYSE:FTAI opened at $78.32 on Wednesday. FTAI Aviation has a 12-month low of $26.82 and a 12-month high of $79.60. The stock has a 50-day moving average price of $65.46 and a 200 day moving average price of $52.27. The stock has a market capitalization of $7.85 billion, a P/E ratio of 35.76 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The business had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share. On average, research analysts predict that FTAI Aviation will post 2.41 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, May 9th. FTAI Aviation’s payout ratio is 54.79%.

Institutional Trading of FTAI Aviation

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in FTAI Aviation by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 8,507,122 shares of the financial services provider’s stock valued at $394,730,000 after buying an additional 84,611 shares during the last quarter. FMR LLC boosted its stake in FTAI Aviation by 179.7% in the third quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock valued at $221,014,000 after acquiring an additional 3,994,578 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of FTAI Aviation by 90.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after purchasing an additional 1,359,302 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of FTAI Aviation by 36.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock valued at $97,286,000 after purchasing an additional 736,400 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of FTAI Aviation by 1.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,657,619 shares of the financial services provider’s stock valued at $94,478,000 after purchasing an additional 31,815 shares during the period. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Company Profile

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.