Stifel Nicolaus Boosts FTAI Aviation (NYSE:FTAI) Price Target to $66.00

FTAI Aviation (NYSE:FTAI) had its price objective boosted by Stifel Nicolaus from $59.00 to $66.00 in a report issued on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the financial services provider’s stock.

Several other research firms have also recently commented on FTAI. JMP Securities boosted their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a research note on Monday. Morgan Stanley upped their target price on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a research note on Tuesday, February 27th. Benchmark raised their target price on shares of FTAI Aviation from $45.00 to $100.00 and gave the company a buy rating in a report on Friday, March 15th. Barclays boosted their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a report on Thursday, April 4th. Finally, Compass Point raised their price objective on shares of FTAI Aviation from $71.00 to $88.00 and gave the company a buy rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $67.17.

FTAI Aviation Trading Up 4.3 %

FTAI opened at $73.20 on Monday. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 33.42 and a beta of 1.90. The stock’s 50-day moving average price is $64.64 and its 200 day moving average price is $51.96. FTAI Aviation has a 12-month low of $26.79 and a 12-month high of $74.99.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The business had revenue of $326.70 million during the quarter, compared to analysts’ expectations of $302.07 million. During the same period in the prior year, the business earned $0.22 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. On average, research analysts forecast that FTAI Aviation will post 2.49 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Thursday, May 9th. FTAI Aviation’s payout ratio is currently 54.79%.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC acquired a new position in FTAI Aviation in the 1st quarter valued at about $1,111,000. Diversify Advisory Services LLC acquired a new position in shares of FTAI Aviation in the first quarter valued at approximately $240,000. Private Advisor Group LLC raised its stake in shares of FTAI Aviation by 10.7% during the first quarter. Private Advisor Group LLC now owns 12,654 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 1,221 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of FTAI Aviation by 1.2% during the first quarter. Principal Financial Group Inc. now owns 99,250 shares of the financial services provider’s stock worth $6,680,000 after purchasing an additional 1,154 shares during the period. Finally, K.J. Harrison & Partners Inc grew its position in FTAI Aviation by 2.5% in the 1st quarter. K.J. Harrison & Partners Inc now owns 41,000 shares of the financial services provider’s stock valued at $2,759,000 after buying an additional 1,000 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Company Profile

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.