FTAI Aviation (NASDAQ:FTAI) Receives Buy Rating from BTIG Research

BTIG Research reissued their buy rating on shares of FTAI Aviation (NASDAQ:FTAI) in a report published on Monday,Benzinga reports. The firm currently has a $230.00 target price on the financial services provider’s stock.

Other analysts also recently issued reports about the company. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 20th. Barclays upped their price objective on shares of FTAI Aviation from $150.00 to $195.00 and gave the company an “overweight” rating in a research report on Thursday, October 2nd. JMP Securities upped their price objective on shares of FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Wall Street Zen raised shares of FTAI Aviation from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Finally, Jones Trading assumed coverage on shares of FTAI Aviation in a research report on Friday, October 10th. They issued a “buy” rating and a $306.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $201.25.

FTAI Aviation Trading Up 6.1%

Shares of NASDAQ FTAI opened at $176.91 on Monday. FTAI Aviation has a 12-month low of $75.06 and a 12-month high of $184.44. The company has a market cap of $18.15 billion, a P/E ratio of 43.79 and a beta of 1.70. The stock has a fifty day moving average price of $162.60 and a 200 day moving average price of $131.51.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The firm had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. During the same period in the prior year, the firm earned ($2.26) EPS. The firm’s quarterly revenue was up 52.4% compared to the same quarter last year. On average, sell-side analysts forecast that FTAI Aviation will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is presently 29.70%.

Institutional Investors Weigh In On FTAI Aviation

Large investors have recently made changes to their positions in the company. CWM LLC raised its position in shares of FTAI Aviation by 6.8% in the third quarter. CWM LLC now owns 1,157 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 74 shares during the period. Brookstone Capital Management increased its position in FTAI Aviation by 2.5% during the third quarter. Brookstone Capital Management now owns 3,088 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 75 shares during the period. Assetmark Inc. increased its position in FTAI Aviation by 15.8% during the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 87 shares during the period. GAMMA Investing LLC increased its position in FTAI Aviation by 22.7% during the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 97 shares during the period. Finally, K.J. Harrison & Partners Inc increased its position in FTAI Aviation by 0.3% during the second quarter. K.J. Harrison & Partners Inc now owns 29,200 shares of the financial services provider’s stock worth $3,359,000 after acquiring an additional 100 shares during the period. 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.