FTAI Aviation Ltd. (NYSE:FTAI) Given Average Recommendation of “Moderate Buy” by Brokerages

FTAI Aviation Ltd. (NYSE:FTAI) has been given a consensus recommendation of “Moderate Buy” by the ten analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $68.95.

FTAI has been the topic of several analyst reports. Morgan Stanley raised their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Stifel Nicolaus raised their target price on FTAI Aviation from $59.00 to $66.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Benchmark reissued a “buy” rating and issued a $100.00 price target on shares of FTAI Aviation in a research note on Thursday, May 2nd. Barclays lifted their price objective on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Finally, Compass Point increased their target price on shares of FTAI Aviation from $71.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, April 26th.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in FTAI Aviation by 37.4% during 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 purchasing an additional 231 shares in the last quarter. CWM LLC purchased a new position in shares of FTAI Aviation during the 4th quarter valued at $43,000. USA Financial Formulas increased its stake in shares of FTAI Aviation by 1,684.6% in the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 1,533 shares during the last quarter. Tucker Asset Management LLC raised its holdings 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 worth $77,000 after acquiring an additional 1,453 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in FTAI Aviation during the third quarter valued at $75,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Trading Down 1.1 %

Shares of NYSE FTAI opened at $77.50 on Wednesday. FTAI Aviation has a 12-month low of $26.94 and a 12-month high of $81.40. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 35.39 and a beta of 1.90. The stock’s 50 day simple moving average is $66.73 and its 200 day simple moving average is $53.45.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, equities analysts forecast that FTAI Aviation will post 1.88 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Friday, May 10th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.55%. The ex-dividend date is Thursday, May 9th. FTAI Aviation’s dividend payout ratio is currently 54.79%.

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.