FTAI Aviation (NYSE:FTAI) Earns Buy Rating from Analysts at BTIG Research

BTIG Research started coverage on shares of FTAI Aviation (NYSE:FTAI) in a research report report published on Monday, Marketbeat reports. The brokerage issued a buy rating and a $140.00 price objective on the financial services provider’s stock.

Several other research analysts also recently weighed in on FTAI. Deutsche Bank Aktiengesellschaft upped their price objective on shares of FTAI Aviation from $120.00 to $125.00 and gave the stock a buy rating in a report on Thursday, July 25th. Compass Point increased their target price 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. Stifel Nicolaus upgraded shares of FTAI Aviation from a hold rating to a buy rating and increased their target price for the company from $69.00 to $132.00 in a report on Friday, July 26th. Wolfe Research downgraded shares of FTAI Aviation from an outperform rating to a peer perform rating in a report on Wednesday, July 10th. Finally, StockNews.com upgraded shares of FTAI Aviation to a sell rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation has an average rating of Moderate Buy and a consensus target price of $124.00.

FTAI Aviation Stock Up 3.3 %

Shares of NYSE FTAI opened at $124.63 on Monday. The company’s fifty day simple moving average is $106.89 and its 200 day simple moving average is $83.26. FTAI Aviation has a 12-month low of $32.66 and a 12-month high of $126.38. The firm has a market cap of $12.49 billion, a PE ratio of 56.91 and a beta of 2.03.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 156.50% and a negative net margin of 1.50%. The business had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. On average, equities analysts predict that FTAI Aviation will post 1.32 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Monday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 0.96%. FTAI Aviation’s dividend payout ratio is presently 54.79%.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in FTAI Aviation by 14.2% during the fourth quarter. Victory Capital Management Inc. now owns 271,347 shares of the financial services provider’s stock worth $12,591,000 after purchasing an additional 33,712 shares during the period. Principal Financial Group Inc. boosted its position in FTAI Aviation by 107.6% during the fourth quarter. Principal Financial Group Inc. now owns 98,096 shares of the financial services provider’s stock worth $4,552,000 after purchasing an additional 50,834 shares during the period. ClariVest Asset Management LLC bought a new position in FTAI Aviation during the first quarter worth about $1,802,000. Price T Rowe Associates Inc. MD boosted its position in FTAI Aviation by 1,488.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after purchasing an additional 813,311 shares during the period. Finally, Orchard Capital Management LLC boosted its position in FTAI Aviation by 4.4% during the fourth quarter. Orchard Capital Management LLC now owns 314,708 shares of the financial services provider’s stock worth $14,602,000 after purchasing an additional 13,268 shares during the period. 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.