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

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $177.33.

A number of equities research analysts have issued reports on the stock. Compass Point lifted their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Stifel Nicolaus boosted their target price on FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. BTIG Research raised their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Jefferies Financial Group lifted their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th.

FTAI Aviation Trading Up 3.1 %

Shares of FTAI stock opened at $174.02 on Monday. The company has a market capitalization of $17.85 billion, a price-to-earnings ratio of -1,740.03 and a beta of 2.09. FTAI Aviation has a 1-year low of $46.88 and a 1-year high of $181.64. The stock’s fifty day simple moving average is $151.83 and its 200-day simple moving average is $131.63.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The business had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company’s revenue was up 60.0% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. On average, sell-side analysts predict that FTAI Aviation will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,200.00%.

Hedge Funds Weigh In On FTAI Aviation

Large investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its position in shares of FTAI Aviation by 1,923.5% in the second quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after acquiring an additional 924,730 shares during the period. Westfield Capital Management Co. LP boosted its holdings in FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares during the period. International Assets Investment Management LLC grew its position in FTAI Aviation by 14,553.9% in the 3rd quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock worth $74,959,000 after purchasing an additional 560,179 shares during the last quarter. Victory Capital Management Inc. grew its position in FTAI Aviation by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock worth $50,530,000 after purchasing an additional 264,971 shares during the last quarter. Finally, Vantage Investment Partners LLC bought a new position in shares of FTAI Aviation during the 3rd quarter worth about $32,769,000. Institutional investors and hedge funds 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.