FTAI Aviation (NYSE:FTAI) Price Target Raised to $30.00 at Stifel Nicolaus

FTAI Aviation (NYSE:FTAIGet Rating) had its price objective increased by Stifel Nicolaus from $21.00 to $30.00 in a research report released on Monday, The Fly reports.

A number of other equities research analysts have also recently issued reports on the company. Barclays boosted their price objective on FTAI Aviation from $20.00 to $22.00 and gave the company an overweight rating in a research note on Wednesday, January 11th. JMP Securities upped their price target on FTAI Aviation from $26.00 to $30.00 and gave the company a market outperform rating in a research report on Tuesday, January 17th. Finally, Benchmark reiterated a buy rating and set a $35.00 price target on shares of FTAI Aviation in a research report on Friday, February 10th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $28.64.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $25.78 on Monday. FTAI Aviation has a 52-week low of $14.29 and a 52-week high of $26.84. The stock’s 50-day simple moving average is $21.61 and its 200 day simple moving average is $18.50. The stock has a market capitalization of $2.56 billion, a P/E ratio of -11.61 and a beta of 1.91.

FTAI Aviation (NYSE:FTAIGet Rating) last announced its quarterly earnings data on Thursday, February 23rd. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.36). FTAI Aviation had a negative net margin of 24.46% and a negative return on equity of 5.36%. The firm had revenue of $274.30 million during the quarter, compared to the consensus estimate of $213.29 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The company’s revenue was up 53.0% on a year-over-year basis. Equities research analysts forecast that FTAI Aviation will post 2.13 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Friday, March 10th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, March 9th. FTAI Aviation’s payout ratio is -54.05%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Great Mountain Partners LLC purchased a new position in shares of FTAI Aviation during the second quarter worth about $73,046,000. Natixis boosted its stake in FTAI Aviation by 2.1% in the second quarter. Natixis now owns 3,371,100 shares of the financial services provider’s stock worth $65,197,000 after buying an additional 70,200 shares in the last quarter. ING Groep NV boosted its stake in FTAI Aviation by 22.0% in the fourth quarter. ING Groep NV now owns 1,993,500 shares of the financial services provider’s stock worth $34,129,000 after buying an additional 360,000 shares in the last quarter. Cowen AND Company LLC boosted its stake in FTAI Aviation by 15.1% in the second quarter. Cowen AND Company LLC now owns 1,710,550 shares of the financial services provider’s stock worth $33,082,000 after buying an additional 224,088 shares in the last quarter. Finally, Philosophy Capital Management LLC boosted its stake in FTAI Aviation by 37.0% in the third quarter. Philosophy Capital Management LLC now owns 1,590,571 shares of the financial services provider’s stock worth $23,851,000 after buying an additional 429,321 shares in the last quarter. Hedge funds and other institutional investors own 74.89% of the company’s stock.

FTAI Aviation Company Profile

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FTAI Aviation Ltd. engages in acquiring, managing and disposing of transportation and transportation-related infrastructure and equipment assets. It operates through the following segments: Aviation Leasing, Jefferson Terminal, and Ports and Terminals. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease and are typically held long-term.

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