FTAI Aviation (NYSE:FTAI) PT Raised to $143.00 at Royal Bank of Canada

FTAI Aviation (NYSE:FTAI) had its target price raised by Royal Bank of Canada from $120.00 to $143.00 in a research note released on Thursday morning, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other research analysts have also recently issued reports about the company. StockNews.com raised FTAI Aviation to a sell rating in a report on Friday, August 2nd. Compass Point lifted their price target on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a buy rating in a report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of FTAI Aviation from $120.00 to $125.00 and gave the stock a buy rating in a research note on Thursday, July 25th. BTIG Research started coverage on shares of FTAI Aviation in a research note on Monday, August 26th. They issued a buy rating and a $140.00 target price for the company. Finally, Citigroup increased their price target on FTAI Aviation from $81.00 to $99.00 and gave the stock a buy rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $126.09.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $130.39 on Thursday. The firm has a market cap of $13.07 billion, a P/E ratio of 59.54 and a beta of 2.04. The firm’s 50-day simple moving average is $113.52 and its 200-day simple moving average is $91.16. FTAI Aviation has a twelve month low of $32.66 and a twelve month high of $132.94.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. On average, equities analysts forecast that FTAI Aviation will post 2.13 earnings per share for the current fiscal 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 given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.92%. FTAI Aviation’s payout ratio is currently 54.79%.

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in FTAI Aviation by 74.1% during the 2nd quarter. Cetera Investment Advisers now owns 11,907 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 5,069 shares during the period. Creative Planning lifted its holdings in FTAI Aviation by 19.9% in the second quarter. Creative Planning now owns 16,435 shares of the financial services provider’s stock valued at $1,697,000 after buying an additional 2,733 shares during the period. Algert Global LLC bought a new position in FTAI Aviation in the second quarter valued at approximately $1,042,000. The Manufacturers Life Insurance Company grew its holdings in FTAI Aviation by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,701 shares of the financial services provider’s stock worth $5,234,000 after acquiring an additional 1,760 shares during the period. Finally, Fred Alger Management LLC acquired a new stake in FTAI Aviation during the 2nd quarter worth $19,437,000. 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.