FTAI Aviation Ltd. (NYSE:FTAI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $124.00.

Several research firms have recently commented on FTAI. Citigroup raised their price target on FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Royal Bank of Canada lifted their price objective on FTAI Aviation from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley lifted their price objective on FTAI Aviation from $105.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $69.00 to $132.00 in a report on Friday, July 26th. Finally, BTIG Research assumed coverage on FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 price objective for the company.

FTAI Aviation Trading Up 2.6 %

Shares of FTAI stock opened at $127.81 on Tuesday. The business’s 50 day moving average is $108.32 and its two-hundred day moving average is $84.72. FTAI Aviation has a twelve month low of $32.66 and a twelve month high of $128.45. The company has a market capitalization of $12.81 billion, a P/E ratio of 58.36 and a beta of 2.03.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 180.68%. The company had revenue of $443.59 million during the quarter, compared to analysts’ expectations of $361.92 million. As a group, equities analysts predict that FTAI Aviation will post 1.29 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Monday, August 12th. FTAI Aviation’s dividend payout ratio is presently 54.79%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FTAI. Arcadia Investment Management Corp MI acquired a new stake in FTAI Aviation during the second quarter valued at approximately $33,000. CWM LLC acquired a new stake in FTAI Aviation during the fourth quarter valued at approximately $43,000. Ridgewood Investments LLC acquired a new stake in FTAI Aviation during the second quarter valued at approximately $59,000. USA Financial Formulas raised its stake in FTAI Aviation by 1,684.6% during the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,533 shares in the last quarter. Finally, Tucker Asset Management LLC raised its stake in FTAI Aviation by 726.5% during the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,453 shares in the last quarter. 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.