FTAI Aviation’s (FTAI) Buy Rating Reaffirmed at Benchmark

Benchmark reiterated their buy rating on shares of FTAI Aviation (NYSE:FTAI) in a research note released on Thursday, Benzinga reports. They currently have a $100.00 price target on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Barclays increased their target price on FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. Compass Point raised their price objective on FTAI Aviation from $71.00 to $88.00 and gave the stock a buy rating in a report on Friday, April 26th. Morgan Stanley lifted their price objective on FTAI Aviation from $58.00 to $70.00 and gave the company an overweight rating in a research note on Tuesday, February 27th. JMP Securities increased their target price on shares of FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a research report on Monday, April 29th. Finally, Stifel Nicolaus raised their price target on shares of FTAI Aviation from $59.00 to $66.00 and gave the company a hold rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $68.95.

FTAI Aviation Stock Performance

FTAI Aviation stock traded up $2.81 during trading on Thursday, hitting $78.32. The company’s stock had a trading volume of 1,315,806 shares, compared to its average volume of 1,061,687. The stock’s fifty day moving average is $65.87 and its 200 day moving average is $52.70. FTAI Aviation has a 1-year low of $26.82 and a 1-year high of $79.60. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 35.76 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). The business had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS. On average, research analysts anticipate that FTAI Aviation will post 1.88 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

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

Institutional Trading of FTAI Aviation

Institutional investors and hedge funds have recently modified their holdings of the business. Handelsbanken Fonder AB grew its holdings in shares of FTAI Aviation by 27.3% during the third quarter. Handelsbanken Fonder AB now owns 14,000 shares of the financial services provider’s stock valued at $498,000 after purchasing an additional 3,000 shares during the last quarter. Xponance Inc. bought a new position in FTAI Aviation during the 3rd quarter worth $209,000. Bank of New York Mellon Corp increased its position in FTAI Aviation by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 372,574 shares of the financial services provider’s stock worth $13,245,000 after buying an additional 3,895 shares during the period. Brown Advisory Inc. bought a new stake in FTAI Aviation in the third quarter valued at $754,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of FTAI Aviation by 32.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,823 shares of the financial services provider’s stock valued at $705,000 after acquiring an additional 4,903 shares during the period. 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.