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

FTAI Aviation Ltd. (NYSE:FTAI) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $68.95.

FTAI has been the subject of a number of analyst reports. Barclays lifted their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Morgan Stanley lifted their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Stifel Nicolaus lifted their target price on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Compass Point lifted their target price on shares of FTAI Aviation from $71.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Benchmark reissued a “buy” rating and issued a $100.00 price target on shares of FTAI Aviation in a report on Thursday.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTAI. Vanguard Group Inc. raised its holdings in shares of FTAI Aviation by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 8,507,122 shares of the financial services provider’s stock valued at $394,730,000 after purchasing an additional 84,611 shares during the period. FMR LLC raised its holdings in shares of FTAI Aviation by 179.7% in the 3rd quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock valued at $221,014,000 after purchasing an additional 3,994,578 shares during the period. CIBC Private Wealth Group LLC raised its holdings in shares of FTAI Aviation by 90.7% in 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 purchasing an additional 1,359,302 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in FTAI Aviation by 36.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock valued at $97,286,000 after buying an additional 736,400 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in FTAI Aviation by 1.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,657,619 shares of the financial services provider’s stock valued at $94,478,000 after buying an additional 31,815 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $78.32 on Wednesday. The firm has a market cap of $7.85 billion, a P/E ratio of 35.76 and a beta of 1.90. The firm has a 50 day simple moving average of $65.87 and a 200 day simple moving average of $52.83. FTAI Aviation has a fifty-two week low of $26.82 and a fifty-two week high of $79.60.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. On average, sell-side analysts expect that FTAI Aviation will post 1.88 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 1.53%. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

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.