FTAI Aviation Ltd. (NYSE:FTAI) Receives $162.09 Consensus PT from Brokerages

FTAI Aviation Ltd. (NYSE:FTAI) has been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $162.09.

A number of brokerages have recently commented on FTAI. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Friday, November 1st. JMP Securities raised their price objective on FTAI Aviation from $90.00 to $132.00 and gave the stock a “market outperform” rating in a research report on Thursday, July 25th. Citigroup upped their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Benchmark raised their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a “hold” rating to a “buy” rating and upped their price objective for the company from $69.00 to $132.00 in a research note on Friday, July 26th.

Hedge Funds Weigh In On FTAI Aviation

A number of large investors have recently modified their holdings of FTAI. Brown Brothers Harriman & Co. bought a new position in FTAI Aviation in the 3rd quarter valued at about $26,000. Arcadia Investment Management Corp MI purchased a new stake in shares of FTAI Aviation in the second quarter worth approximately $33,000. Farther Finance Advisors LLC boosted its position in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares during the last quarter. Ridgewood Investments LLC bought a new stake in FTAI Aviation during the second quarter worth $59,000. Finally, Raymond James Trust N.A. purchased a new stake in FTAI Aviation in the 3rd quarter valued at $200,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Trading Up 4.9 %

FTAI Aviation stock opened at $171.02 on Friday. The stock has a 50-day moving average price of $141.22 and a two-hundred day moving average price of $113.86. FTAI Aviation has a 12 month low of $40.29 and a 12 month high of $171.36. The company has a market capitalization of $17.54 billion, a PE ratio of -1,710.03 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. During the same period in the prior year, the company earned $0.33 EPS. The business’s quarterly revenue was up 60.0% compared to the same quarter last year. As a group, analysts predict that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

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.