FTAI Aviation (NYSE:FTAI) Price Target Raised to $181.00

FTAI Aviation (NYSE:FTAI) had its target price hoisted by Compass Point from $175.00 to $181.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other brokerages also recently weighed in on FTAI. Benchmark upped their target price on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Barclays increased their price objective on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. BTIG Research initiated coverage on shares of FTAI Aviation in a report on Monday, August 26th. They issued a “buy” rating and a $140.00 price objective for the company. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $168.45.

FTAI Aviation Stock Performance

FTAI stock opened at $131.14 on Tuesday. FTAI Aviation has a one year low of $44.49 and a one year high of $177.18. The firm’s fifty day moving average is $151.35 and its 200 day moving average is $124.74. The firm has a market cap of $13.45 billion, a PE ratio of -1,311.27 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business 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 206.25%. FTAI Aviation’s revenue was up 60.0% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. Research analysts predict that FTAI Aviation will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared 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 of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.92%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,200.00%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently added to or reduced their stakes in FTAI. Geode Capital Management LLC boosted its stake in shares of FTAI Aviation by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after buying an additional 61,897 shares during the period. State Street Corp increased its holdings in FTAI Aviation by 1.7% in the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after buying an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in FTAI Aviation by 87.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after buying an additional 773,017 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in FTAI Aviation by 10.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after buying an additional 95,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of FTAI Aviation by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,047,572 shares of the financial services provider’s stock worth $139,222,000 after acquiring an additional 35,888 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.