FTAI Aviation (NYSE:FTAI) PT Raised to $85.00

FTAI Aviation (NYSE:FTAI) had its price target upped by JMP Securities from $66.00 to $85.00 in a research note published on Monday, Benzinga reports. They currently have a market outperform rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on FTAI. Morgan Stanley lifted their price objective on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. Barclays upped their target price on FTAI Aviation from $62.00 to $80.00 and gave the company an overweight rating in a research report on Thursday, April 4th. Benchmark increased their target price on FTAI Aviation from $45.00 to $100.00 and gave the stock a buy rating in a research note on Friday, March 15th. Stifel Nicolaus restated a hold rating and issued a $59.00 price target (up from $40.00) on shares of FTAI Aviation in a research note on Monday, February 26th. Finally, StockNews.com downgraded shares of FTAI Aviation from a hold rating to a sell rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $67.17.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI opened at $73.20 on Monday. FTAI Aviation has a 52-week low of $26.79 and a 52-week high of $74.99. The company has a market capitalization of $7.34 billion, a P/E ratio of 33.42 and a beta of 1.90. The company has a 50-day simple moving average of $64.64 and a 200 day simple moving average of $51.96.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data 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 net margin of 21.08% and a return on equity of 188.45%. The business had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. During the same quarter in the prior year, the company earned $0.22 EPS. FTAI Aviation’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities analysts forecast that FTAI Aviation will post 2.49 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.64%. The ex-dividend date is Thursday, May 9th. FTAI Aviation’s dividend payout ratio is currently 54.79%.

Institutional Trading of FTAI Aviation

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in FTAI Aviation by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 8,507,122 shares of the financial services provider’s stock valued at $394,730,000 after acquiring an additional 84,611 shares during the last quarter. FMR LLC increased its stake 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 last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of FTAI Aviation by 90.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock worth $132,643,000 after buying an additional 1,359,302 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of 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 worth $97,286,000 after purchasing an additional 736,400 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of 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 purchasing an additional 31,815 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

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.