FTAI Aviation (NYSE:FTAI) Stock Price Up 7.6% – Should You Buy?

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price was up 7.6% during mid-day trading on Wednesday . The stock traded as high as $89.49 and last traded at $90.13. Approximately 4,249,280 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 5,593,800 shares. The stock had previously closed at $83.79.

Analyst Ratings Changes

Several research firms recently commented on FTAI. BTIG Research lifted their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a report on Wednesday. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Compass Point lifted their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus dropped their price objective on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Trading Down 10.4 %

The firm has a market capitalization of $9.33 billion, a PE ratio of -909.71 and a beta of 2.09. The business has a fifty day moving average price of $144.02 and a two-hundred day moving average price of $131.91.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS 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 analysts’ expectations of $422.45 million. During the same quarter in the previous year, the company posted $0.33 EPS. The company’s revenue was up 60.0% compared to the same quarter last year. On average, equities analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,199.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in FTAI Aviation by 2.7% during the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after purchasing an additional 61,897 shares during the period. State Street Corp boosted its holdings in FTAI Aviation by 1.7% in the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after acquiring an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP grew its position in FTAI Aviation by 87.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after acquiring an additional 773,017 shares during the period. JPMorgan Chase & Co. increased its stake in FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after acquiring an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of FTAI Aviation by 10.0% in the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock valued at $139,359,000 after purchasing an additional 95,200 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other 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.