FTAI Aviation (NYSE:FTAI) Shares Gap Up – Should You Buy?

FTAI Aviation Ltd. (NYSE:FTAI) shares gapped up before the market opened on Thursday . The stock had previously closed at $116.08, but opened at $126.86. FTAI Aviation shares last traded at $121.62, with a volume of 2,025,980 shares traded.

Analyst Upgrades and Downgrades

FTAI has been the subject of a number of recent analyst reports. BTIG Research increased their price target on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Morgan Stanley reiterated an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Wolfe Research raised FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target on the stock in a research report on Friday, January 10th. Citigroup raised their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Benchmark boosted their target price on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.33.

FTAI Aviation Price Performance

The stock’s 50-day moving average price is $150.50 and its 200-day moving average price is $132.28. The company has a market cap of $11.52 billion, a P/E ratio of -1,123.69 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data 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). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same period in the prior year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. As a group, analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.07%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation during the 3rd quarter worth approximately $26,000. Anchor Investment Management LLC acquired a new position in FTAI Aviation during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its stake in FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at $93,000. Finally, Raymond James Trust N.A. bought a new position in shares of FTAI Aviation in the 3rd quarter valued at $200,000. Institutional investors own 88.96% of the company’s stock.

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.