FTAI Aviation Ltd. (NYSE:FTAI) Receives $162.09 Average Price Target from Brokerages

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

FTAI has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Friday, November 1st. Stifel Nicolaus raised FTAI Aviation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. Compass Point upped their price objective on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Citigroup raised their price objective on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, BTIG Research initiated coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a “buy” rating and a $140.00 target price for the company.

Hedge Funds Weigh In On FTAI Aviation

A number of hedge funds have recently modified their holdings of the company. Orion Portfolio Solutions LLC raised its holdings in shares of FTAI Aviation by 2.9% during the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after acquiring an additional 102 shares in the last quarter. MML Investors Services LLC raised its holdings in FTAI Aviation by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after purchasing an additional 129 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of FTAI Aviation by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 145 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 189 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation during the third quarter valued at about $26,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

Shares of FTAI stock opened at $174.96 on Friday. The company has a market capitalization of $17.94 billion, a PE ratio of -1,749.60 and a beta of 2.04. FTAI Aviation has a 52-week low of $40.29 and a 52-week high of $176.01. The business’s fifty day moving average is $143.40 and its 200 day moving average is $114.68.

FTAI Aviation (NYSE:FTAI) last issued 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). The business had revenue of $465.80 million for the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. On average, sell-side analysts forecast that FTAI Aviation will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, November 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, November 14th. FTAI Aviation’s dividend payout ratio is -1,200.00%.

About FTAI Aviation

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.