FTAI Aviation (NYSE:FTAI) Shares Up 5% – Should You Buy?

FTAI Aviation Ltd. (NYSE:FTAI) shares traded up 5% during trading on Tuesday . The company traded as high as $96.74 and last traded at $96.25. 264,600 shares changed hands during trading, a decline of 95% from the average session volume of 5,455,105 shares. The stock had previously closed at $91.65.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Barclays raised their price target on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Compass Point upped their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Trading Up 8.0 %

The company has a market cap of $10.15 billion, a PE ratio of -987.85 and a beta of 2.09. The firm has a 50 day moving average of $142.59 and a two-hundred day moving average of $132.33.

FTAI Aviation (NYSE:FTAI) last released 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). The company had revenue of $465.80 million during 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 company’s revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. On average, research analysts forecast that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,199.88%.

Institutional Trading of FTAI Aviation

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation during the 3rd quarter valued at $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation during the third quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in FTAI Aviation in the fourth quarter worth about $36,000. Farther Finance Advisors LLC lifted its position 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 buying an additional 189 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in FTAI Aviation during the fourth quarter valued at approximately $93,000. Institutional investors own 88.96% of the company’s stock.

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.