FTAI Aviation Ltd. (NYSE:FTAI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of FTAI Aviation Ltd. (NYSE:FTAI) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $88.50.

A number of brokerages recently commented on FTAI. Deutsche Bank Aktiengesellschaft boosted their target price on shares of FTAI Aviation from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Jefferies Financial Group began coverage on shares of FTAI Aviation in a research note on Tuesday, June 25th. They set a “buy” rating and a $120.00 target price for the company. Stifel Nicolaus boosted their target price on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Barclays boosted their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Finally, Royal Bank of Canada boosted their target price on shares of FTAI Aviation from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th.

Insider Buying and Selling at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was bought at an average price of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the purchase, the chief executive officer now directly owns 197,382 shares of the company’s stock, valued at approximately $16,185,324. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently made changes to their positions in FTAI. Capital International Investors purchased a new stake in shares of FTAI Aviation in the first quarter valued at about $274,052,000. CIBC Private Wealth Group LLC raised its holdings in shares of FTAI Aviation by 90.7% in 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 buying an additional 1,359,302 shares during the last quarter. Norges Bank purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at about $55,039,000. Price T Rowe Associates Inc. MD raised its holdings in shares of FTAI Aviation by 1,488.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock valued at $58,415,000 after buying an additional 813,311 shares during the last quarter. Finally, Pingora Partners LLC purchased a new stake in shares of FTAI Aviation in the fourth quarter valued at about $29,147,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Stock Down 0.9 %

NYSE:FTAI opened at $102.06 on Monday. The company has a fifty day simple moving average of $91.16 and a two-hundred day simple moving average of $71.55. The company has a market cap of $10.23 billion, a price-to-earnings ratio of 46.60 and a beta of 2.03. FTAI Aviation has a 52 week low of $31.73 and a 52 week high of $111.02.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). The business had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. On average, analysts expect that FTAI Aviation will post 2.04 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were paid a $0.30 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.20 annualized dividend and a yield of 1.18%. FTAI Aviation’s dividend payout ratio is presently 54.79%.

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.