FTAI Aviation (NYSE:FTAI) Price Target Raised to $148.00 at Morgan Stanley

FTAI Aviation (NYSE:FTAI) had its price objective increased by Morgan Stanley from $140.00 to $148.00 in a research note released on Friday morning, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also commented on FTAI. Compass Point boosted their price target on FTAI Aviation from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Benchmark boosted their price target on FTAI Aviation from $100.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Jefferies Financial Group upped their price objective on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft upped their price objective on FTAI Aviation from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada upped their price objective on FTAI Aviation from $120.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.45.

FTAI Aviation Price Performance

Shares of NYSE:FTAI opened at $143.55 on Friday. The business’s 50 day simple moving average is $126.65 and its 200-day simple moving average is $101.34. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 65.55 and a beta of 2.04. FTAI Aviation has a 12 month low of $32.66 and a 12 month high of $149.74.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $443.59 million for the quarter, compared to analysts’ expectations of $361.92 million. FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. On average, equities analysts anticipate that FTAI Aviation will post 2.13 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Monday, August 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.84%. FTAI Aviation’s dividend payout ratio (DPR) is 54.79%.

Hedge Funds Weigh In On FTAI Aviation

A number of large investors have recently modified their holdings of the company. Hsbc Holdings PLC raised its holdings in shares of FTAI Aviation by 2.0% in the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock worth $1,163,000 after purchasing an additional 216 shares during the period. Xponance Inc. grew its stake in shares of FTAI Aviation by 4.1% in the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock valued at $648,000 after buying an additional 248 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of FTAI Aviation in the second quarter valued at about $33,000. Arizona State Retirement System grew its stake in shares of FTAI Aviation by 1.9% in the second quarter. Arizona State Retirement System now owns 28,064 shares of the financial services provider’s stock valued at $2,897,000 after buying an additional 516 shares in the last quarter. Finally, CWM LLC grew its stake in shares of FTAI Aviation by 26.8% in the third quarter. CWM LLC now owns 2,533 shares of the financial services provider’s stock valued at $337,000 after buying an additional 535 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.