FTAI Aviation Ltd. (NYSE:FTAI) Receives $131.55 Consensus Price Target from Brokerages

FTAI Aviation Ltd. (NYSE:FTAI) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $134.73.

A number of research firms have recently commented on FTAI. JMP Securities upped their price objective on shares of FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a research note on Thursday, July 25th. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Friday, August 2nd. Benchmark upped their price objective on shares of FTAI Aviation from $100.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Citigroup upped their price objective on shares of FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, Royal Bank of Canada upped their price objective on shares of FTAI Aviation from $120.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th.

FTAI Aviation Trading Up 2.3 %

Shares of FTAI stock opened at $134.62 on Friday. The firm has a 50-day moving average price of $117.13 and a 200 day moving average price of $94.72. FTAI Aviation has a twelve month low of $32.66 and a twelve month high of $135.40. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 61.47 and a beta of 2.04.

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

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s payout ratio is currently 54.79%.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its holdings in FTAI Aviation by 107.6% in the 4th quarter. Principal Financial Group Inc. now owns 98,096 shares of the financial services provider’s stock worth $4,552,000 after acquiring an additional 50,834 shares during the period. ClariVest Asset Management LLC purchased a new position in FTAI Aviation in the 1st quarter worth approximately $1,802,000. Price T Rowe Associates Inc. MD boosted its holdings in FTAI Aviation by 1,488.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after acquiring an additional 813,311 shares during the period. Orchard Capital Management LLC boosted its holdings in FTAI Aviation by 4.4% in the 4th quarter. Orchard Capital Management LLC now owns 314,708 shares of the financial services provider’s stock worth $14,602,000 after acquiring an additional 13,268 shares during the period. Finally, Entropy Technologies LP purchased a new position in FTAI Aviation in the 1st quarter worth approximately $340,000. Hedge funds and other 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.