FTAI Aviation (NYSE:FTAI) Given New $66.00 Price Target at Stifel Nicolaus

FTAI Aviation (NYSE:FTAI) had its price target raised by Stifel Nicolaus from $59.00 to $66.00 in a report issued on Monday morning, Benzinga reports. The firm currently has a hold rating on the financial services provider’s stock.

Several other equities research analysts also recently issued reports on FTAI. Compass Point increased their price target on FTAI Aviation from $71.00 to $88.00 and gave the stock a buy rating in a report on Friday. Benchmark increased their price objective on FTAI Aviation from $45.00 to $100.00 and gave the stock a buy rating in a report on Friday, March 15th. Barclays increased their price objective on FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a report on Thursday, April 4th. StockNews.com downgraded FTAI Aviation from a hold rating to a sell rating in a report on Friday, April 12th. Finally, JMP Securities increased their price objective on FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a report on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation currently has a consensus rating of Moderate Buy and an average target price of $67.17.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $72.59 on Monday. FTAI Aviation has a 1 year low of $26.79 and a 1 year high of $74.99. The business has a 50-day moving average of $64.30 and a two-hundred day moving average of $51.70. The company has a market capitalization of $7.28 billion, a P/E ratio of 32.31 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 210.66% and a net margin of 21.08%. The business had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. During the same quarter last year, the company earned $0.22 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation will post 2.49 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 9th. FTAI Aviation’s dividend payout ratio is 54.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FTAI. FMR LLC lifted its position in shares of FTAI Aviation by 179.7% in the third quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock valued at $221,014,000 after buying an additional 3,994,578 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of FTAI Aviation by 90.7% in the fourth 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 buying an additional 1,359,302 shares during the last quarter. Norges Bank acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $55,039,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of FTAI Aviation by 36.8% in the third 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, Pingora Partners LLC acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at approximately $29,147,000. 88.96% of the stock is currently owned by institutional investors.

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.