Analysts Set FTAI Aviation Ltd. (NASDAQ:FTAI) Price Target at $191.73

FTAI Aviation Ltd. (NASDAQ:FTAI) has received an average rating of “Buy” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $201.25.

FTAI has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FTAI Aviation in a report on Wednesday. JMP Securities upped their price target on FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 6th. Wall Street Zen raised shares of FTAI Aviation from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Citigroup reaffirmed a “buy” rating on shares of FTAI Aviation in a research note on Thursday, July 10th. Finally, Barclays upped their target price on shares of FTAI Aviation from $150.00 to $195.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd.

Institutional Trading of FTAI Aviation

A number of large investors have recently added to or reduced their stakes in FTAI. GAMMA Investing LLC lifted its stake in FTAI Aviation by 24,780.1% in the first quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider’s stock valued at $5,276,000 after acquiring an additional 47,330 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in FTAI Aviation by 27.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider’s stock worth $16,405,000 after purchasing an additional 31,694 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in FTAI Aviation by 6.2% in the 1st quarter. Handelsbanken Fonder AB now owns 29,300 shares of the financial services provider’s stock valued at $3,253,000 after buying an additional 1,700 shares during the period. Fortitude Advisory Group L.L.C. bought a new position in FTAI Aviation in the 1st quarter valued at about $1,044,000. Finally, Inscription Capital LLC bought a new position in FTAI Aviation in the 1st quarter valued at about $1,110,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $163.11 on Wednesday. FTAI Aviation has a fifty-two week low of $75.06 and a fifty-two week high of $184.44. The firm has a fifty day moving average price of $158.67 and a two-hundred day moving average price of $128.64. The company has a market cap of $16.73 billion, a PE ratio of 40.37 and a beta of 1.70.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.24. FTAI Aviation had a net margin of 21.31% and a return on equity of 465.13%. The firm had revenue of $676.24 million during the quarter, compared to the consensus estimate of $754.75 million. During the same period in the prior year, the firm earned ($2.26) EPS. The business’s revenue was up 52.4% on a year-over-year basis. Analysts expect that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.7%. FTAI Aviation’s payout ratio is 29.70%.

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.