FTAI Aviation Ltd. (NASDAQ:FTAI) Receives $320.11 Consensus Price Target from Brokerages

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) have received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $320.1111.

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada decreased their price objective on shares of FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Citizens Jmp started coverage on shares of FTAI Aviation in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price for the company. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 21st. BTIG Research lowered their price target on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $325.00 price target on shares of FTAI Aviation in a report on Sunday, August 2nd.

Insiders Place Their Bets

In other news, President David Moreno bought 2,475 shares of the company’s stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the transaction, the president owned 199,490 shares of the company’s stock, valued at approximately $40,151,352.30. This trade represents a 1.26% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently made changes to their positions in the business. SJS Investment Consulting Inc. increased its holdings in FTAI Aviation by 122.9% during the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock valued at $26,000 after buying an additional 59 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of FTAI Aviation by 142.2% during the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 64 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of FTAI Aviation during the 4th quarter valued at $30,000. Ancora Advisors LLC bought a new stake in shares of FTAI Aviation during the 2nd quarter valued at $32,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of FTAI Aviation in the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

NASDAQ FTAI opened at $196.28 on Friday. FTAI Aviation has a one year low of $149.50 and a one year high of $323.51. The stock has a 50-day moving average of $215.76 and a 200 day moving average of $242.05. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. The company has a market capitalization of $20.16 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 0.99 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.19). The company had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.57 EPS. On average, sell-side analysts forecast that FTAI Aviation will post 5.48 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Wednesday, August 12th. FTAI Aviation’s dividend payout ratio is 43.48%.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.