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

FTAI Aviation Ltd. (NYSE:FTAI) has received an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $113.90.

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus upgraded shares of FTAI Aviation from a “hold” rating to a “buy” rating and boosted their price target for the stock from $69.00 to $132.00 in a research report on Friday, July 26th. StockNews.com upgraded shares of FTAI Aviation to a “sell” rating in a report on Friday, August 2nd. JMP Securities increased their price target on shares of FTAI Aviation from $90.00 to $132.00 and gave the company a “market outperform” rating in a report on Thursday, July 25th. Benchmark reissued a “buy” rating and set a $100.00 price objective on shares of FTAI Aviation in a research note on Wednesday, July 24th. Finally, Citigroup raised their price objective on FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th.

FTAI Aviation Stock Up 1.8 %

FTAI opened at $106.44 on Friday. The company has a market capitalization of $10.67 billion, a PE ratio of 48.60 and a beta of 2.03. The firm has a 50-day simple moving average of $100.60 and a two-hundred day simple moving average of $78.76. FTAI Aviation has a 52 week low of $32.66 and a 52 week high of $117.45.

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 analysts’ consensus estimates of $0.40 by ($0.14). FTAI Aviation had a negative net margin of 1.50% and a positive return on equity of 156.50%. The firm had revenue of $443.59 million for the quarter, compared to the consensus estimate of $361.92 million. As a group, sell-side analysts expect that FTAI Aviation will post 1.32 earnings per share for the current year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Monday, August 12th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, August 12th. FTAI Aviation’s payout ratio is currently 54.79%.

Insider Transactions at FTAI Aviation

In related news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average cost of $82.00 per share, for a total transaction of $4,838,000.00. Following the completion of the acquisition, the chief executive officer now owns 197,382 shares in the company, valued at approximately $16,185,324. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Several large investors have recently modified their holdings of FTAI. Vanguard Group Inc. lifted its stake in shares of FTAI Aviation by 6.3% during the 1st quarter. Vanguard Group Inc. now owns 9,040,503 shares of the financial services provider’s stock worth $608,426,000 after purchasing an additional 533,381 shares during the last quarter. Capital International Investors bought a new position in FTAI Aviation in the first quarter worth about $274,052,000. CIBC Private Wealth Group LLC lifted its position in shares of FTAI Aviation by 90.7% during 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 bought a new stake in shares of FTAI Aviation in the 4th quarter valued at about $55,039,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of FTAI Aviation by 7.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,042,325 shares of the financial services provider’s stock worth $48,364,000 after buying an additional 71,904 shares during the last quarter. 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.