FTAI Aviation Ltd. (NYSE:FTAI) Receives $81.05 Consensus Price Target from Brokerages

Shares of FTAI Aviation Ltd. (NYSE:FTAIGet Free Report) have earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $81.05.

Several equities analysts recently weighed in on the stock. JMP Securities raised their target price on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a “market outperform” rating in a research note on Monday, April 29th. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Stifel Nicolaus lifted their price objective on shares of FTAI Aviation from $59.00 to $66.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Finally, Citigroup lifted their price objective on shares of FTAI Aviation from $81.00 to $99.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th.

Check Out Our Latest Analysis on FTAI

Insider Buying and Selling

In other news, CEO Joseph P. Jr. Adams purchased 59,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the purchase, the chief executive officer now owns 197,382 shares in the company, valued at $16,185,324. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FTAI Aviation

A number of large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in FTAI Aviation by 37.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after buying an additional 231 shares in the last quarter. CWM LLC bought a new stake in FTAI Aviation during the 4th quarter valued at about $43,000. Operose Advisors LLC bought a new stake in FTAI Aviation during the 3rd quarter valued at about $75,000. USA Financial Formulas lifted its holdings in FTAI Aviation by 1,684.6% during the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,533 shares in the last quarter. Finally, Tucker Asset Management LLC lifted its holdings in FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,453 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $91.48 on Thursday. The company has a market capitalization of $9.17 billion, a price-to-earnings ratio of 41.77 and a beta of 1.95. The company’s fifty day moving average price is $80.09 and its 200-day moving average price is $63.87. FTAI Aviation has a one year low of $27.94 and a one year high of $94.43.

FTAI Aviation (NYSE:FTAIGet Free Report) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). The company had revenue of $326.70 million for the quarter, compared to analysts’ expectations of $302.07 million. FTAI Aviation had a net margin of 21.08% and a return on equity of 188.45%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 earnings per share. Equities research analysts expect that FTAI Aviation will post 2.09 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Friday, May 10th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.31%. FTAI Aviation’s dividend payout ratio is presently 54.79%.

About FTAI Aviation

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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.

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