FTAI Aviation (NYSE:FTAI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of FTAI Aviation (NYSE:FTAI) to a sell rating in a report issued on Tuesday.

FTAI has been the subject of a number of other reports. Jefferies Financial Group lifted their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Stifel Nicolaus lifted their price objective on FTAI Aviation from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Benchmark increased their target price on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. Finally, Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. According to MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Price Performance

NYSE FTAI opened at $101.50 on Tuesday. FTAI Aviation has a 1-year low of $50.44 and a 1-year high of $181.64. The company has a market cap of $10.41 billion, a PE ratio of -1,014.90 and a beta of 2.09. The stock’s 50 day simple moving average is $145.37 and its 200-day simple moving average is $132.02.

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

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 1.18%. FTAI Aviation’s payout ratio is currently -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its position in shares of FTAI Aviation by 25.3% in the second quarter. Envestnet Asset Management Inc. now owns 32,681 shares of the financial services provider’s stock valued at $3,374,000 after purchasing an additional 6,599 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in FTAI Aviation during the second quarter valued at about $261,000. Hsbc Holdings PLC increased its position in FTAI Aviation by 2.0% during the 2nd quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock worth $1,163,000 after purchasing an additional 216 shares in the last quarter. Profund Advisors LLC acquired a new stake in shares of FTAI Aviation in the second quarter worth $205,000. Finally, Xponance Inc. raised its position in FTAI Aviation by 4.1% in the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 248 shares during the period. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.