BTIG Research Issues Positive Forecast for FTAI Aviation (NASDAQ:FTAI) Stock Price

FTAI Aviation (NASDAQ:FTAI) had its price objective hoisted by BTIG Research from $335.00 to $340.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other brokerages have also issued reports on FTAI. Wolfe Research restated an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a research report on Wednesday, December 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Jefferies Financial Group reiterated a “buy” rating and set a $350.00 price target on shares of FTAI Aviation in a research note on Monday, February 9th. Citizens Jmp raised their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 29th. Finally, Barclays lifted their price objective on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $292.78.

FTAI Aviation Stock Down 6.3%

Shares of NASDAQ FTAI opened at $222.24 on Friday. The business has a 50-day moving average price of $272.50 and a 200 day moving average price of $205.41. The stock has a market cap of $22.80 billion, a PE ratio of 48.10, a price-to-earnings-growth ratio of 0.96 and a beta of 1.50. The company has a quick ratio of 2.30, a current ratio of 5.28 and a debt-to-equity ratio of 10.32. FTAI Aviation has a 52-week low of $81.45 and a 52-week high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The firm had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. During the same period last year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 32.7% on a year-over-year basis. Equities research analysts forecast that FTAI Aviation will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.7%. FTAI Aviation’s payout ratio is presently 30.30%.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds have recently modified their holdings of FTAI. Mather Group LLC. acquired a new position in FTAI Aviation in the 3rd quarter valued at $28,000. Garton & Associates Financial Advisors LLC purchased a new position in FTAI Aviation during the 4th quarter worth $30,000. Greenline Wealth Management LLC acquired a new stake in shares of FTAI Aviation in the 4th quarter worth $50,000. Global Retirement Partners LLC lifted its stake in shares of FTAI Aviation by 880.0% in the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 308 shares during the period. Finally, First Horizon Corp boosted its holdings in shares of FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 182 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.