FTAI Aviation (NYSE:FTAI) PT Raised to $46.00

FTAI Aviation (NYSE:FTAI) had its price objective boosted by Compass Point from $36.00 to $46.00 in a research note published on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the company. Raymond James boosted their price objective on FTAI Aviation from $31.00 to $37.50 and gave the company an outperform rating in a research report on Friday, July 28th. StockNews.com started coverage on FTAI Aviation in a research report on Thursday, August 17th. They set a hold rating for the company. Wolfe Research upgraded FTAI Aviation from a peer perform rating to an outperform rating and set a $38.00 price target for the company in a research report on Friday, June 30th. Barclays boosted their price target on FTAI Aviation from $32.00 to $38.00 in a research report on Tuesday, July 18th. Finally, JMP Securities boosted their price target on FTAI Aviation from $36.00 to $40.00 and gave the stock an outperform rating in a research report on Friday, July 28th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation currently has a consensus rating of Moderate Buy and a consensus target price of $38.69.

FTAI Aviation Price Performance

NYSE:FTAI opened at $36.09 on Thursday. FTAI Aviation has a 12-month low of $14.29 and a 12-month high of $37.98. The firm has a market capitalization of $3.60 billion, a P/E ratio of 55.52 and a beta of 1.86. The business has a 50 day simple moving average of $34.58 and a 200 day simple moving average of $30.13.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18. FTAI Aviation had a return on equity of 25.36% and a net margin of 8.85%. The business had revenue of $274.35 million during the quarter, compared to analyst estimates of $286.83 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 144.8% compared to the same quarter last year. Research analysts anticipate that FTAI Aviation will post 1.47 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Monday, August 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, August 11th. FTAI Aviation’s dividend payout ratio is presently 184.62%.

Institutional Trading of FTAI Aviation

A number of hedge funds and other institutional investors have recently modified their holdings of FTAI. Asset Dedication LLC acquired a new stake in shares of FTAI Aviation during the first quarter worth $42,000. Tucker Asset Management LLC acquired a new stake in shares of FTAI Aviation during the second quarter worth $51,000. Exchange Traded Concepts LLC acquired a new stake in shares of FTAI Aviation during the second quarter worth $73,000. Carmel Capital Partners LLC acquired a new stake in shares of FTAI Aviation during the first quarter worth $77,000. Finally, PNC Financial Services Group Inc. acquired a new stake in shares of FTAI Aviation during the second quarter worth $83,000. Institutional investors own 90.95% of the company’s stock.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires infrastructure and related 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.