Brokerages Set FTAI Aviation Ltd. (NASDAQ:FTAI) Price Target at $326.88

FTAI Aviation Ltd. (NASDAQ:FTAI) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $326.8750.

A number of equities research analysts recently weighed in on FTAI shares. Morgan Stanley restated an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Barclays upped their target price on shares of FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. BTIG Research upped their target price on shares of FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Jefferies Financial Group restated a “buy” rating and issued a $400.00 target price on shares of FTAI Aviation in a report on Sunday, May 3rd. Finally, Weiss Ratings lowered shares of FTAI Aviation from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 27th.

FTAI Aviation Price Performance

Shares of NASDAQ FTAI opened at $276.11 on Monday. The firm’s 50-day moving average price is $250.69 and its 200-day moving average price is $244.39. FTAI Aviation has a 1-year low of $108.47 and a 1-year high of $323.51. The firm has a market capitalization of $28.32 billion, a P/E ratio of 54.78, a P/E/G ratio of 1.11 and a beta of 1.47. The company has a current ratio of 5.24, a quick ratio of 2.48 and a debt-to-equity ratio of 8.00.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a net margin of 18.92% and a return on equity of 181.43%. The company had revenue of $830.70 million for the quarter. During the same quarter in the prior year, the company earned $0.87 EPS. The company’s revenue for the quarter was up 65.4% on a year-over-year basis. Equities research analysts anticipate that FTAI Aviation will post 6.77 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is currently 31.75%.

Insider Transactions at FTAI Aviation

In other FTAI Aviation news, Director Judith A. Hannaway sold 255 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $253.89, for a total value of $64,741.95. Following the completion of the sale, the director owned 3,012 shares in the company, valued at approximately $764,716.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Martin Tuchman sold 67,500 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the completion of the sale, the director owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 254,515 shares of company stock worth $61,599,445 in the last 90 days. 1.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp increased its stake in FTAI Aviation by 323.6% in the 4th quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock valued at $3,172,000 after buying an additional 12,308 shares during the last quarter. JPMorgan Chase & Co. increased its stake in FTAI Aviation by 396.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 831,414 shares of the financial services provider’s stock valued at $138,730,000 after buying an additional 664,037 shares during the last quarter. Trek Financial LLC purchased a new stake in FTAI Aviation in the 4th quarter valued at about $3,936,000. Teachers Retirement System of The State of Kentucky increased its stake in FTAI Aviation by 21.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 65,030 shares of the financial services provider’s stock valued at $10,851,000 after buying an additional 11,457 shares during the last quarter. Finally, Oaktree Capital Management LP purchased a new stake in FTAI Aviation in the 3rd quarter valued at about $97,642,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Company Profile

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.