FTAI Aviation (NYSE:FTAI) Price Target Raised to $167.00

FTAI Aviation (NYSE:FTAI) had its target price upped by Stifel Nicolaus from $156.00 to $167.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

FTAI has been the subject of a number of other reports. Citigroup raised their price target on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Benchmark raised their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Compass Point boosted their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Jefferies Financial Group increased their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, BTIG Research lifted their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $176.18.

FTAI Aviation Stock Up 0.3 %

Shares of FTAI opened at $144.44 on Tuesday. The company has a 50 day moving average of $149.26 and a 200-day moving average of $128.23. The stock has a market capitalization of $14.81 billion, a P/E ratio of -1,444.26 and a beta of 2.06. FTAI Aviation has a twelve month low of $44.65 and a twelve month high of $177.18.

FTAI Aviation (NYSE:FTAI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same period last year, the business posted $0.33 EPS. The firm’s revenue for the quarter was up 60.0% on a year-over-year basis. On average, sell-side analysts anticipate that FTAI Aviation will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,200.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC bought a new stake in shares of FTAI Aviation during the second quarter worth approximately $369,000. Rhumbline Advisers grew its holdings in FTAI Aviation by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 143,741 shares of the financial services provider’s stock valued at $14,838,000 after buying an additional 6,421 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in FTAI Aviation during the 2nd quarter worth $258,000. TD Asset Management Inc bought a new position in FTAI Aviation during the 2nd quarter worth $3,887,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of FTAI Aviation by 121.7% during the second quarter. Victory Capital Management Inc. now owns 115,236 shares of the financial services provider’s stock worth $11,896,000 after buying an additional 63,258 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

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.