FTAI Aviation (NYSE:FTAI) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of FTAI Aviation (NYSE:FTAI – Get Rating) in a research report sent to investors on Thursday morning. The firm issued a sell rating on the financial services provider’s stock.

A number of other research firms also recently issued reports on FTAI. Benchmark restated a buy rating and set a $35.00 target price on shares of FTAI Aviation in a research report on Friday, February 10th. Stifel Nicolaus upped their price target on FTAI Aviation from $21.00 to $30.00 and gave the company a buy rating in a research note on Monday, February 27th. Barclays upped their price target on FTAI Aviation from $20.00 to $22.00 and gave the company an overweight rating in a research note on Wednesday, January 11th. Finally, JMP Securities upped their price target on FTAI Aviation from $30.00 to $34.00 and gave the company a market outperform rating in a research note on Monday, February 27th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $29.21.

FTAI Aviation Trading Down 3.0 %

FTAI Aviation stock opened at $24.20 on Thursday. FTAI Aviation has a 1 year low of $14.29 and a 1 year high of $26.84. The company has a market cap of $2.41 billion, a PE ratio of -10.90 and a beta of 1.86. The company’s 50-day moving average is $23.62 and its two-hundred day moving average is $19.20.

FTAI Aviation (NYSE:FTAI – Get Rating) last released its earnings results on Thursday, February 23rd. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.36). FTAI Aviation had a negative net margin of 24.46% and a negative return on equity of 7.10%. The business had revenue of $274.30 million for the quarter, compared to analyst estimates of $213.29 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The business’s revenue for the quarter was up 53.0% on a year-over-year basis. Research analysts forecast that FTAI Aviation will post 2.23 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Friday, March 10th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, March 9th. This represents a $1.20 dividend on an annualized basis and a yield of 4.96%. FTAI Aviation’s payout ratio is -54.05%.

Institutional Trading of FTAI Aviation

Large investors have recently bought and sold shares of the business. ING Groep NV increased its stake in FTAI Aviation by 27.3% during the 3rd quarter. ING Groep NV now owns 1,633,500 shares of the financial services provider’s stock worth $24,494,000 after purchasing an additional 350,500 shares in the last quarter. King Luther Capital Management Corp boosted its position in FTAI Aviation by 1.1% during the 3rd quarter. King Luther Capital Management Corp now owns 1,116,630 shares of the financial services provider’s stock worth $16,744,000 after acquiring an additional 11,750 shares during the last quarter. Clearstead Advisors LLC boosted its position in FTAI Aviation by 3.8% during the 2nd quarter. Clearstead Advisors LLC now owns 191,165 shares of the financial services provider’s stock worth $3,697,000 after acquiring an additional 7,053 shares during the last quarter. Clear Harbor Asset Management LLC boosted its position in FTAI Aviation by 4.3% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 36,250 shares of the financial services provider’s stock worth $544,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Orchard Capital Management LLC boosted its position in FTAI Aviation by 0.6% during the 3rd quarter. Orchard Capital Management LLC now owns 542,183 shares of the financial services provider’s stock worth $8,130,000 after acquiring an additional 3,100 shares during the last quarter. 74.89% of the stock is owned by institutional investors.

FTAI Aviation Company Profile

(Get Rating)

FTAI Aviation is a supplier of CFM56 engines, modules, and materials. They offer aircraft operations and engine maintenance. It offers aviation products that include aircraft leasing, engine leasing, and engine repair capabilities.