FTAI Aviation (NYSE:FTAI) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of FTAI Aviation (NYSE:FTAI) in a report released on Tuesday, Marketbeat reports. The brokerage issued a buy rating and a $120.00 price target on the financial services provider’s stock.

FTAI has been the subject of several other research reports. Stifel Nicolaus raised their price target on FTAI Aviation from $59.00 to $66.00 and gave the company a hold rating in a report on Monday, April 29th. Royal Bank of Canada raised their price target on FTAI Aviation from $85.00 to $95.00 and gave the company an outperform rating in a report on Friday, June 7th. Compass Point raised their price target on FTAI Aviation from $88.00 to $96.00 and gave the company a buy rating in a report on Wednesday, May 29th. Barclays raised their price target on FTAI Aviation from $62.00 to $80.00 and gave the company an overweight rating in a report on Thursday, April 4th. Finally, Benchmark reissued a buy rating and set a $100.00 target price on shares of FTAI Aviation in a report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, FTAI Aviation has a consensus rating of Moderate Buy and a consensus target price of $84.29.

FTAI Aviation Trading Up 1.1 %

NYSE FTAI opened at $101.81 on Tuesday. The company has a market cap of $10.21 billion, a PE ratio of 46.49 and a beta of 1.95. FTAI Aviation has a 12 month low of $29.16 and a 12 month high of $101.99. The stock has a 50 day moving average of $81.94 and a 200-day moving average of $64.78.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The business had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that FTAI Aviation will post 2.09 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Friday, May 10th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, May 9th. FTAI Aviation’s payout ratio is currently 54.79%.

Insider Buying and Selling

In other FTAI Aviation news, CEO Joseph P. Jr. Adams bought 59,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were purchased at an average price of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the transaction, the chief executive officer now directly owns 197,382 shares in the company, valued at approximately $16,185,324. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in FTAI Aviation by 37.4% in the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 231 shares during the last quarter. CWM LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter valued at about $43,000. Operose Advisors LLC acquired a new stake in shares of FTAI Aviation during the third quarter valued at about $75,000. USA Financial Formulas boosted its stake in shares of 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 purchasing an additional 1,533 shares in the last quarter. Finally, Tucker Asset Management LLC boosted its stake in shares of 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 purchasing an additional 1,453 shares in the last quarter. Institutional investors 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.