FTAI Aviation Ltd. (NYSE:FTAI) Receives $131.55 Consensus PT from Analysts

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have received a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. One research 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 ratings on the stock in the last year is $134.73.

Several brokerages have commented on FTAI. Wolfe Research cut shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. JMP Securities increased their target price on FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a research note on Thursday, July 25th. Citigroup raised their target price on FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Compass Point upped their price target on FTAI Aviation from $118.00 to $156.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Stifel Nicolaus raised shares of 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 research note on Friday, July 26th.

FTAI Aviation Stock Up 5.0 %

Shares of FTAI stock opened at $140.15 on Friday. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 64.00 and a beta of 2.04. FTAI Aviation has a 12 month low of $32.66 and a 12 month high of $140.30. The stock has a 50-day moving average price of $118.20 and a 200 day moving average price of $95.27.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The business had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. Sell-side analysts predict that FTAI Aviation will post 2.13 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s payout ratio is currently 54.79%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently made changes to their positions in FTAI. Hsbc Holdings PLC increased its holdings in FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock worth $1,163,000 after purchasing an additional 216 shares in the last quarter. Xponance Inc. grew its holdings in shares of FTAI Aviation by 4.1% during the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock worth $648,000 after buying an additional 248 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in FTAI Aviation in the 2nd quarter valued at approximately $33,000. Arizona State Retirement System lifted its stake in FTAI Aviation by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 28,064 shares of the financial services provider’s stock valued at $2,897,000 after acquiring an additional 516 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new position in FTAI Aviation during the 2nd quarter worth approximately $59,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.