Shares of FTAI Aviation Ltd. (NASDAQ:FTAI – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $310.62.
A number of analysts have weighed in on FTAI shares. BTIG Research lowered their price target on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Morgan Stanley cut their price objective on FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Citizens Jmp assumed coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price on the stock. Weiss Ratings lowered shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft set a $290.00 target price on shares of FTAI Aviation in a report on Friday, July 31st.
Check Out Our Latest Stock Report on FTAI Aviation
Insiders Place Their Bets
In other news, President David Moreno acquired 2,475 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of $201.27 per share, with a total value of $498,143.25. Following the completion of the purchase, the president owned 199,490 shares of the company’s stock, valued at $40,151,352.30. This represents a 1.26% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.35% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of FTAI. Root Financial Partners LLC increased its holdings in FTAI Aviation by 40.9% during the 1st quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 45 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares in the last quarter. Compound Planning Inc. grew its holdings in shares of FTAI Aviation by 2.7% during the first quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 60 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of FTAI Aviation by 142.2% during the first quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 64 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in shares of FTAI Aviation by 55.7% in the third quarter. SBI Securities Co. Ltd. now owns 179 shares of the financial services provider’s stock valued at $30,000 after buying an additional 64 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.
FTAI Aviation Stock Down 2.0%
NASDAQ FTAI opened at $154.37 on Friday. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The stock’s 50 day moving average is $182.52 and its two-hundred day moving average is $220.41. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 0.77 and a beta of 1.51. FTAI Aviation has a 1-year low of $146.48 and a 1-year high of $323.51.
FTAI Aviation (NASDAQ:FTAI – Get Free Report) last issued its earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.19). The company had revenue of $953.09 million during the quarter. FTAI Aviation had a return on equity of 139.59% and a net margin of 15.94%. The company’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 earnings per share. Equities analysts forecast that FTAI Aviation will post 5.48 earnings per share for the current fiscal year.
FTAI Aviation Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were given a $0.50 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a yield of 1.3%. FTAI Aviation’s payout ratio is 43.48%.
About FTAI Aviation
FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.
The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.
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