FTAI Aviation’s (FTAI) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of FTAI Aviation (NYSE:FTAI) in a research report released on Wednesday,Benzinga reports. They currently have a $160.00 target price on the financial services provider’s stock.

A number of other brokerages have also issued reports on FTAI. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a research note on Friday, January 10th. Barclays increased their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Jefferies Financial Group increased their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Finally, Compass Point increased their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $90.98 on Wednesday. The firm has a market cap of $9.33 billion, a PE ratio of -909.71 and a beta of 2.09. The firm’s 50-day simple moving average is $144.02 and its 200-day simple moving average is $131.91. FTAI Aviation has a 1 year low of $51.03 and a 1 year high of $181.64.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, equities analysts predict that FTAI Aviation will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. McAdam LLC bought a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $260,000. Ibex Wealth Advisors bought a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $3,518,000. Vantage Investment Partners LLC boosted its holdings in shares of FTAI Aviation by 21.2% in the fourth quarter. Vantage Investment Partners LLC now owns 298,778 shares of the financial services provider’s stock valued at $43,036,000 after acquiring an additional 52,207 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $9,776,000. Finally, KBC Group NV boosted its holdings in shares of FTAI Aviation by 53.0% in the fourth quarter. KBC Group NV now owns 4,138 shares of the financial services provider’s stock valued at $596,000 after acquiring an additional 1,433 shares in the last quarter. 88.96% of the stock is currently owned by 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.