Brokerages Set FTAI Aviation Ltd. (NYSE:FTAI) PT at $166.18

FTAI Aviation Ltd. (NYSE:FTAI) has received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $166.18.

FTAI has been the subject of several recent analyst reports. Benchmark raised their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Compass Point boosted their target price on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays raised their price target on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Citigroup boosted their price target on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Jefferies Financial Group increased their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th.

FTAI Aviation Trading Down 2.5 %

FTAI opened at $131.72 on Thursday. FTAI Aviation has a 12 month low of $44.15 and a 12 month high of $177.18. The stock has a fifty day moving average price of $152.48 and a 200-day moving average price of $123.70. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of -1,317.07 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last announced its earnings results 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 the consensus estimate of $422.45 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. On average, equities research analysts forecast that FTAI Aviation will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.91%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new position in FTAI Aviation during the third quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter valued at approximately $31,000. Arcadia Investment Management Corp MI acquired a new position in shares of FTAI Aviation in the 2nd quarter valued at $33,000. Farther Finance Advisors LLC boosted its holdings in FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in FTAI Aviation during the second quarter worth $59,000. 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.