FTAI Aviation (NYSE:FTAI) Given New $100.00 Price Target at Stifel Nicolaus

FTAI Aviation (NYSE:FTAI) had its target price reduced by Stifel Nicolaus from $167.00 to $100.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research firms have also recently commented on FTAI. Benchmark upped their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Compass Point raised their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Jefferies Financial Group boosted their price target on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 30th. Barclays increased their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, StockNews.com raised FTAI Aviation to a “sell” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Price Performance

Shares of NYSE FTAI opened at $91.99 on Wednesday. FTAI Aviation has a 1 year low of $49.81 and a 1 year high of $181.64. The firm has a 50-day simple moving average of $146.49 and a two-hundred day simple moving average of $132.23. The company has a market cap of $9.43 billion, a P/E ratio of -919.81 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The business had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. As a group, equities research analysts expect that FTAI Aviation will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 1.30%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation in the third quarter valued at about $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation in the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its stake in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares in the last quarter. USA Financial Formulas acquired a new stake in FTAI Aviation in the 4th quarter worth approximately $93,000. Finally, Everence Capital Management Inc. purchased a new stake in FTAI Aviation during the 4th quarter worth approximately $203,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.