Royal Bank of Canada Reiterates “Outperform” Rating for FTAI Aviation (NYSE:FTAI)

Royal Bank of Canada reiterated their outperform rating on shares of FTAI Aviation (NYSE:FTAI) in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a $160.00 price target on the financial services provider’s stock.

A number of other brokerages have also weighed in on FTAI. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Barclays increased their price target on shares of FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday. BTIG Research began coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They set a “buy” rating and a $140.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Benchmark increased their price target on FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and an average price target of $162.09.

FTAI Aviation Trading Down 3.4 %

Shares of FTAI stock opened at $137.55 on Friday. FTAI Aviation has a 12-month low of $39.20 and a 12-month high of $149.74. The business’s fifty day simple moving average is $132.60 and its 200-day simple moving average is $106.79. The company has a market cap of $14.06 billion, a PE ratio of -1,375.36 and a beta of 2.04.

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 the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million for 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 198.02%. The business’s revenue was up 60.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. On average, equities analysts forecast that FTAI Aviation will post 2.17 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. FTAI Aviation’s payout ratio is currently -1,199.88%.

Institutional Trading of FTAI Aviation

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of FTAI Aviation by 6.3% in the first quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock valued at $608,426,000 after purchasing an additional 533,381 shares in the last quarter. Capital International Investors purchased a new stake in shares of FTAI Aviation during the 1st quarter worth $274,052,000. American Century Companies Inc. grew its stake in shares of FTAI Aviation by 1,923.5% during the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after purchasing an additional 924,730 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in FTAI Aviation by 1,488.2% in the first 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 buying an additional 813,311 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in FTAI Aviation by 14,553.9% in the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after buying an additional 560,179 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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.