FTAI Aviation (NYSE:FTAI) Receives “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of FTAI Aviation (NYSE:FTAI) in a report published on Friday morning, Benzinga reports. They currently have a $160.00 target price on the financial services provider’s stock.

Several other research firms also recently weighed in on FTAI. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Citigroup upped their target price on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. BTIG Research began coverage on FTAI Aviation in a report on Monday, August 26th. They set a “buy” rating and a $140.00 target price on the stock. Barclays boosted their price target on FTAI Aviation from $110.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average target price of $162.09.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $137.55 on Friday. The company has a market cap of $14.06 billion, a P/E ratio of -1,375.36 and a beta of 2.04. FTAI Aviation has a one year low of $39.20 and a one year high of $149.74. The business has a fifty day moving average of $132.60 and a two-hundred day moving average of $106.79.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 198.02% and a net margin of 1.59%. The company had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 60.0% on a year-over-year basis. Sell-side analysts predict that FTAI Aviation will post 2.17 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, November 25th. Shareholders of record on Thursday, November 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Institutional Trading of FTAI Aviation

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its stake in FTAI Aviation by 10.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 19,942 shares of the financial services provider’s stock worth $1,342,000 after acquiring an additional 1,958 shares during the last quarter. Private Advisor Group LLC increased its position in FTAI Aviation by 10.7% during the 1st quarter. Private Advisor Group LLC now owns 12,654 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 1,221 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in FTAI Aviation in the first quarter valued at approximately $240,000. Sequoia Financial Advisors LLC acquired a new position in FTAI Aviation during the first quarter valued at approximately $1,111,000. Finally, SG Americas Securities LLC purchased a new stake in FTAI Aviation during the first quarter worth approximately $384,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

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.