FTAI Aviation (NYSE:FTAI) Shares Up 3.3% – Still a Buy?

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price was up 3.3% during mid-day trading on Wednesday . The company traded as high as $165.62 and last traded at $165.17. Approximately 596,392 shares traded hands during trading, a decline of 60% from the average daily volume of 1,475,588 shares. The stock had previously closed at $159.91.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Barclays upped their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Compass Point raised their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $176.18.

FTAI Aviation Price Performance

The stock has a market cap of $17.15 billion, a PE ratio of -1,672.63 and a beta of 2.09. The company has a 50-day simple moving average of $150.04 and a 200-day simple moving average of $130.09.

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

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.72%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is currently -1,200.00%.

Institutional Investors Weigh In On FTAI Aviation

Large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation in the 3rd quarter valued at about $26,000. Anchor Investment Management LLC acquired a new position in shares of FTAI Aviation in the third quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its stake in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares during the period. Raymond James Trust N.A. purchased a new position in shares of FTAI Aviation during the third quarter valued at approximately $200,000. Finally, Everence Capital Management Inc. acquired a new stake in FTAI Aviation during the fourth quarter worth approximately $203,000. 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.