FTAI Aviation (NASDAQ:FTAI) Upgraded at Zacks Research

Zacks Research upgraded shares of FTAI Aviation (NASDAQ:FTAI) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks.com reports.

Several other research firms have also weighed in on FTAI. BTIG Research boosted their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Royal Bank Of Canada boosted their target price on shares of FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 16th. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Finally, Barclays boosted their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $295.78.

FTAI Aviation Trading Down 1.1%

FTAI opened at $232.85 on Wednesday. The stock has a market capitalization of $23.89 billion, a PE ratio of 50.40, a P/E/G ratio of 0.89 and a beta of 1.59. The firm’s fifty day moving average price is $259.33 and its 200 day moving average price is $221.94. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. FTAI Aviation has a 12-month low of $86.84 and a 12-month high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The business had revenue of $662.03 million for the quarter, compared to the consensus estimate of $710.37 million. During the same quarter in the previous year, the firm earned $0.84 EPS. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. As a group, research analysts expect that FTAI Aviation will post 7.21 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. FTAI Aviation’s payout ratio is 34.63%.

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital International Investors boosted its holdings in shares of FTAI Aviation by 0.7% during the third quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock valued at $2,318,615,000 after acquiring an additional 94,383 shares during the period. Capital World Investors raised its stake in shares of FTAI Aviation by 41.1% during the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after purchasing an additional 2,596,265 shares in the last quarter. Rubric Capital Management LP raised its stake in shares of FTAI Aviation by 10.1% during the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock valued at $728,345,000 after purchasing an additional 339,447 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of FTAI Aviation by 10.3% during the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock valued at $462,721,000 after purchasing an additional 220,384 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of FTAI Aviation by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock valued at $394,757,000 after purchasing an additional 71,271 shares in the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.