Morgan Stanley Boosts FTAI Aviation (NYSE:FTAI) Price Target to $148.00

FTAI Aviation (NYSE:FTAI) had its target price hoisted by Morgan Stanley from $140.00 to $148.00 in a research note issued to investors on Friday, Benzinga reports. Morgan Stanley currently has an overweight rating on the financial services provider’s stock.

A number of other brokerages have also weighed in on FTAI. Jefferies Financial Group increased their price target on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their price target on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Benchmark raised their target price on FTAI Aviation from $100.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, August 16th. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada raised their target price on shares of FTAI Aviation from $120.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $135.45.

FTAI Aviation Price Performance

Shares of NYSE FTAI opened at $143.55 on Friday. FTAI Aviation has a 1 year low of $32.66 and a 1 year high of $149.74. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of 65.55 and a beta of 2.04. The business has a 50-day moving average of $126.65 and a two-hundred day moving average of $101.58.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) 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 company had revenue of $443.59 million during the quarter, compared to analyst estimates of $361.92 million. As a group, equities research analysts expect 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. Shareholders of record on Monday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is currently 54.79%.

Institutional Trading of FTAI Aviation

Several large investors have recently added to or reduced their stakes in the company. Net Worth Advisory Group acquired a new stake in FTAI Aviation during the 3rd quarter valued at $269,000. nVerses Capital LLC acquired a new position in FTAI Aviation during the 3rd quarter worth $492,000. Leisure Capital Management acquired a new position in FTAI Aviation during the 3rd quarter worth $244,000. SeaCrest Wealth Management LLC lifted its position in FTAI Aviation by 27.3% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 3,702 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 795 shares during the last quarter. Finally, CFM Wealth Partners LLC lifted its position in FTAI Aviation by 69.5% during the 3rd quarter. CFM Wealth Partners LLC now owns 52,664 shares of the financial services provider’s stock worth $6,999,000 after acquiring an additional 21,596 shares during the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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.