FTAI Aviation Ltd. (NYSE:FTAI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

FTAI Aviation Ltd. (NYSE:FTAI) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $134.73.

A number of equities analysts have issued reports on the company. Barclays upped their target price on FTAI Aviation from $80.00 to $110.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Royal Bank of Canada upped their price target on FTAI Aviation from $120.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft upped their price target on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Jefferies Financial Group upped their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday. Finally, Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and upped their price target for the company from $69.00 to $132.00 in a research report on Friday, July 26th.

FTAI Aviation Stock Up 2.3 %

Shares of FTAI opened at $134.62 on Friday. The business’s 50 day moving average is $117.13 and its two-hundred day moving average is $94.72. FTAI Aviation has a 52-week low of $32.66 and a 52-week high of $135.40. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 61.47 and a beta of 2.04.

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

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently made changes to their positions in FTAI. Capital International Investors purchased a new stake in shares of FTAI Aviation during the 1st quarter worth about $274,052,000. CIBC Private Wealth Group LLC increased its holdings in shares of FTAI Aviation by 90.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after acquiring an additional 1,359,302 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after acquiring an additional 924,730 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after acquiring an additional 813,311 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of FTAI Aviation by 159.1% during the 4th quarter. Wellington Management Group LLP now owns 880,084 shares of the financial services provider’s stock valued at $40,836,000 after acquiring an additional 540,379 shares during the last quarter. 88.96% of the stock is 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.