FTAI Aviation (NYSE:FTAI) Reaches New 12-Month High After Analyst Upgrade

FTAI Aviation Ltd. (NYSE:FTAI) hit a new 52-week high during mid-day trading on Monday after Jefferies Financial Group raised their price target on the stock from $140.00 to $155.00. Jefferies Financial Group currently has a buy rating on the stock. FTAI Aviation traded as high as $133.91 and last traded at $132.90, with a volume of 1492135 shares trading hands. The stock had previously closed at $129.55.

A number of other research analysts also recently weighed in on FTAI. Morgan Stanley increased their price objective on shares of FTAI Aviation from $105.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and increased their price objective for the company from $69.00 to $132.00 in a research report on Friday, July 26th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Wolfe Research downgraded shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Finally, BTIG Research started coverage on shares of FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.73.

Institutional Trading of FTAI Aviation

Institutional investors and hedge funds have recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new position in FTAI Aviation during the second quarter valued at $33,000. Ridgewood Investments LLC purchased a new position in FTAI Aviation during the second quarter valued at $59,000. Tucker Asset Management LLC grew its stake in FTAI Aviation by 726.5% during the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 1,453 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new position in FTAI Aviation during the fourth quarter valued at $109,000. Finally, EverSource Wealth Advisors LLC grew its stake in FTAI Aviation by 165.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,875 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 1,790 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Performance

The business’s fifty day moving average price is $117.13 and its two-hundred day moving average price is $94.72. The stock has a market capitalization of $13.20 billion, a P/E ratio of 60.11 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The business had revenue of $443.59 million during the quarter, compared to the consensus estimate of $361.92 million. As a group, analysts forecast that FTAI Aviation Ltd. will post 2.13 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were issued a $0.30 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.91%. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

About FTAI Aviation

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.