Brokerages Set FTAI Aviation Ltd. (NYSE:FTAI) Price Target at $176.18

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $176.18.

Several equities analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Friday, November 1st. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Stifel Nicolaus raised their price target on shares of FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Benchmark lifted their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Citigroup upped their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th.

FTAI Aviation Stock Up 5.5 %

Shares of FTAI opened at $168.78 on Monday. FTAI Aviation has a fifty-two week low of $46.20 and a fifty-two week high of $177.18. The company’s fifty day moving average is $150.51 and its two-hundred day moving average is $130.36. The firm has a market cap of $17.31 billion, a PE ratio of -1,687.63 and a beta of 2.09.

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 206.25% and a net margin of 1.59%. The firm had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. As a group, equities research analysts anticipate that FTAI Aviation will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.71%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is currently -1,200.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FTAI. Oppenheimer & Co. Inc. lifted its holdings in FTAI Aviation by 96.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 4,106 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter worth approximately $498,000. Diversified Trust Co acquired a new stake in FTAI Aviation during the third quarter valued at approximately $1,738,000. Luxor Capital Group LP bought a new stake in FTAI Aviation during the third quarter worth approximately $1,298,000. Finally, Franklin Resources Inc. grew its position in FTAI Aviation by 102.8% in the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock worth $54,685,000 after buying an additional 208,613 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.