FTAI Aviation Ltd. (NASDAQ:FTAI) Receives Consensus Rating of “Buy” from Analysts

FTAI Aviation Ltd. (NASDAQ:FTAI) has earned a consensus rating of “Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $201.1111.

Several equities research analysts have weighed in on FTAI shares. Barclays increased their price target on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday. Zacks Research upgraded FTAI Aviation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Morgan Stanley raised their target price on FTAI Aviation from $138.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, August 20th. Wall Street Zen cut FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Jones Trading initiated coverage on FTAI Aviation in a research report on Friday, October 10th. They set a “buy” rating and a $306.00 target price on the stock.

FTAI Aviation Trading Down 7.4%

Shares of FTAI opened at $172.90 on Friday. The stock has a fifty day moving average price of $168.75 and a 200-day moving average price of $136.58. FTAI Aviation has a 12 month low of $75.06 and a 12 month high of $194.36. The firm has a market cap of $17.73 billion, a PE ratio of 39.47 and a beta of 1.70.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Monday, October 27th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a net margin of 20.82% and a return on equity of 370.51%. The firm had revenue of $667.06 million during the quarter, compared to analyst estimates of $662.51 million. During the same period in the previous year, the company earned $0.76 earnings per share. FTAI Aviation’s revenue was up 43.2% on a year-over-year basis. As a group, research analysts forecast that FTAI Aviation will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be issued a $0.35 dividend. The ex-dividend date is Monday, November 10th. FTAI Aviation’s payout ratio is presently 27.40%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Mather Group LLC. acquired a new position in FTAI Aviation in the third quarter valued at approximately $28,000. Virtus Advisers LLC acquired a new position in FTAI Aviation in the first quarter valued at approximately $29,000. Parallel Advisors LLC increased its position in shares of FTAI Aviation by 78.5% during the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Rossby Financial LCC acquired a new stake in shares of FTAI Aviation during the 1st quarter worth about $45,000. Finally, GAMMA Investing LLC increased its position in shares of FTAI Aviation by 124.1% during the 1st quarter. GAMMA Investing LLC now owns 428 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 237 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.