Morgan Stanley Raises FTAI Aviation (NYSE:FTAI) Price Target to $140.00

FTAI Aviation (NYSE:FTAI) had its price objective upped by Morgan Stanley from $105.00 to $140.00 in a research note issued to investors on Friday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the financial services provider’s stock.

Several other research firms have also recently issued reports on FTAI. Compass Point upped their price target on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a buy rating in a report on Wednesday, May 29th. Jefferies Financial Group began coverage on shares of FTAI Aviation in a research report on Tuesday, June 25th. They set a buy rating and a $120.00 price target on the stock. StockNews.com raised FTAI Aviation to a sell rating in a report on Friday, August 2nd. Barclays raised their target price on FTAI Aviation from $80.00 to $110.00 and gave the company an overweight rating in a research note on Thursday, August 8th. Finally, Benchmark restated a buy rating and set a $100.00 price target on shares of FTAI Aviation in a research report on Wednesday, July 24th. 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 data from MarketBeat, FTAI Aviation presently has an average rating of Moderate Buy and an average target price of $122.40.

FTAI Aviation Stock Up 6.7 %

NYSE FTAI opened at $113.52 on Friday. The business has a 50 day moving average price of $101.23 and a two-hundred day moving average price of $79.53. FTAI Aviation has a fifty-two week low of $32.66 and a fifty-two week high of $117.45. The stock has a market cap of $11.38 billion, a PE ratio of 51.84 and a beta of 2.03.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share 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 analyst estimates of $361.92 million. Sell-side analysts anticipate that FTAI Aviation will post 1.32 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th will be issued a $0.30 dividend. The ex-dividend date is Monday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.06%. FTAI Aviation’s dividend payout ratio is currently 54.79%.

Insider Activity

In related news, CEO Joseph P. Jr. Adams bought 59,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were bought at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FTAI. Mirae Asset Global Investments Co. Ltd. boosted its stake in FTAI Aviation by 2.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,389 shares of the financial services provider’s stock worth $2,106,000 after purchasing an additional 902 shares during the period. International Assets Investment Management LLC acquired a new stake in FTAI Aviation during the 4th quarter worth about $6,722,000. Strs Ohio grew its stake in FTAI Aviation by 27.4% during the 4th quarter. Strs Ohio now owns 9,300 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 2,000 shares in the last quarter. CWM LLC acquired a new position in shares of FTAI Aviation in the 4th quarter valued at about $43,000. Finally, Handelsbanken Fonder AB lifted its position in shares of FTAI Aviation by 19.3% in the fourth quarter. Handelsbanken Fonder AB now owns 16,700 shares of the financial services provider’s stock worth $775,000 after purchasing an additional 2,700 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Company Profile

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.