FTAI Aviation (NYSE:FTAI) Sets New 1-Year High on Analyst Upgrade

FTAI Aviation Ltd. (NYSE:FTAI) shares hit a new 52-week high on Monday after Jefferies Financial Group raised their price target on the stock from $140.00 to $155.00. Jefferies Financial Group currently has a buy rating on the stock. FTAI Aviation traded as high as $133.91 and last traded at $132.90, with a volume of 1492135 shares. The stock had previously closed at $129.55.

Several other research firms have also recently weighed in on FTAI. Benchmark lifted 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. Barclays boosted their target price on FTAI Aviation from $80.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada boosted their target price on FTAI Aviation from $120.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Compass Point boosted their target price on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price target on FTAI Aviation from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.73.

Institutional Trading of FTAI Aviation

Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG grew its position in FTAI Aviation by 29.6% in the fourth quarter. UBS Group AG now owns 249,994 shares of the financial services provider’s stock valued at $11,600,000 after acquiring an additional 57,102 shares during the period. Wells Fargo & Company MN lifted its stake in shares of FTAI Aviation by 18.8% during the fourth quarter. Wells Fargo & Company MN now owns 224,856 shares of the financial services provider’s stock valued at $10,433,000 after acquiring an additional 35,535 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of FTAI Aviation by 90.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after acquiring an additional 1,359,302 shares during the period. Waterloo Capital L.P. acquired a new position in shares of FTAI Aviation during the fourth quarter valued at $819,000. Finally, Cobalt Capital Management Inc. lifted its stake in shares of FTAI Aviation by 5.3% during the fourth quarter. Cobalt Capital Management Inc. now owns 300,000 shares of the financial services provider’s stock valued at $13,920,000 after acquiring an additional 15,000 shares during the period. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Price Performance

The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 60.09 and a beta of 2.04. The firm has a 50 day moving average price of $116.10 and a 200-day moving average price of $93.69.

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 firm had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. On average, sell-side analysts expect that FTAI Aviation Ltd. will post 2.13 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s payout ratio is 54.79%.

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.