Citigroup Boosts FTAI Aviation (NYSE:FTAI) Price Target to $99.00

FTAI Aviation (NYSE:FTAIFree Report) had its target price increased by Citigroup from $81.00 to $99.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on FTAI. Deutsche Bank Aktiengesellschaft boosted their price target on FTAI Aviation from $84.00 to $90.00 and gave the company a buy rating in a research note on Thursday, May 30th. Stifel Nicolaus upped their target price on FTAI Aviation from $59.00 to $66.00 and gave the stock a hold rating in a research report on Monday, April 29th. Morgan Stanley upped their target price on FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. JMP Securities upped their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a research report on Monday, April 29th. Finally, StockNews.com raised FTAI Aviation to a sell rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $81.05.

Get Our Latest Stock Report on FTAI Aviation

FTAI Aviation Stock Performance

Shares of FTAI opened at $86.12 on Tuesday. FTAI Aviation has a 52-week low of $27.94 and a 52-week high of $88.64. The business’s 50 day moving average price is $76.98 and its two-hundred day moving average price is $60.99. The firm has a market cap of $8.63 billion, a PE ratio of 39.32 and a beta of 1.95.

FTAI Aviation (NYSE:FTAIGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The business had revenue of $326.70 million during the quarter, compared to analyst estimates of $302.07 million. During the same period last year, the firm posted $0.22 earnings per share. FTAI Aviation’s quarterly revenue was up 11.6% compared to the same quarter last year. Research analysts predict that FTAI Aviation will post 2.05 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm 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 of this dividend was Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a yield of 1.39%. FTAI Aviation’s dividend payout ratio (DPR) is presently 54.79%.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, CEO Joseph P. Jr. Adams acquired 59,000 shares of FTAI Aviation stock in a transaction on Thursday, May 30th. The stock was purchased at an average price of $82.00 per share, for a total transaction of $4,838,000.00. Following the purchase, the chief executive officer now directly owns 197,382 shares of the company’s stock, valued at $16,185,324. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of FTAI Aviation by 37.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 231 shares during the period. CWM LLC bought a new position in FTAI Aviation in the 4th quarter worth about $43,000. Operose Advisors LLC bought a new position in FTAI Aviation in the 3rd quarter worth about $75,000. USA Financial Formulas boosted its stake in FTAI Aviation by 1,684.6% in the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,533 shares during the period. Finally, Tucker Asset Management LLC boosted its stake in FTAI Aviation by 726.5% in the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,453 shares during the period. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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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.

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