FTAI Aviation Ltd. (NYSE:FTAI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $162.09.

FTAI has been the topic of a number of analyst reports. Jefferies Financial Group boosted their price objective on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. BTIG Research began 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 on the stock. Finally, Benchmark boosted their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

FTAI Aviation Stock Down 0.7 %

Shares of NYSE:FTAI opened at $173.71 on Friday. The firm has a market capitalization of $17.81 billion, a PE ratio of -1,736.93 and a beta of 2.04. The company has a 50-day moving average price of $144.37 and a two-hundred day moving average price of $115.61. FTAI Aviation has a twelve month low of $40.29 and a twelve month high of $177.18.

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 the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same period last year, the business posted $0.33 earnings per share. The firm’s quarterly revenue was up 60.0% on a year-over-year basis. Analysts anticipate that FTAI Aviation will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, November 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. FTAI Aviation’s dividend payout ratio is -1,199.88%.

Institutional Trading of FTAI Aviation

Hedge funds and other institutional investors have recently bought and sold shares of the company. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter worth approximately $31,000. Arete Wealth Advisors LLC bought a new stake in FTAI Aviation in the third quarter worth $294,000. Geode Capital Management LLC boosted its position in FTAI Aviation by 2.7% during the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after buying an additional 61,897 shares during the period. Barclays PLC boosted its position in FTAI Aviation by 73.5% during the third quarter. Barclays PLC now owns 214,610 shares of the financial services provider’s stock valued at $28,520,000 after buying an additional 90,905 shares during the period. Finally, Luxor Capital Group LP bought a new position in shares of FTAI Aviation during the third quarter valued at about $1,298,000. Hedge funds and other institutional investors 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.