FTAI Aviation Ltd. (NASDAQ:FTAI) Receives $203.63 Consensus Price Target from Brokerages

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) have received an average recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $203.6250.

Several analysts recently weighed in on the company. Barclays upped their price target on FTAI Aviation from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 28th. BTIG Research reissued a “buy” rating and issued a $230.00 target price on shares of FTAI Aviation in a report on Wednesday, November 19th. Jones Trading assumed coverage on FTAI Aviation in a report on Friday, October 10th. They set a “buy” rating and a $306.00 price target for the company. Wall Street Zen lowered FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of FTAI Aviation in a research report on Monday, December 15th.

Insiders Place Their Bets

In other news, COO David Moreno acquired 4,354 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the acquisition, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FTAI. Quantitative Investment Management LLC boosted its position in shares of FTAI Aviation by 42.9% during the first quarter. Quantitative Investment Management LLC now owns 13,314 shares of the financial services provider’s stock valued at $1,478,000 after buying an additional 3,997 shares during the last quarter. Virtus Advisers LLC purchased a new stake in shares of FTAI Aviation during the 1st quarter valued at about $29,000. Ieq Capital LLC grew its stake in shares of FTAI Aviation by 313.1% in the first quarter. Ieq Capital LLC now owns 12,022 shares of the financial services provider’s stock worth $1,335,000 after acquiring an additional 9,112 shares during the period. Broad Bay Capital Management LP grew its stake in shares of FTAI Aviation by 26.8% in the first quarter. Broad Bay Capital Management LP now owns 236,173 shares of the financial services provider’s stock worth $26,222,000 after acquiring an additional 49,885 shares during the period. Finally, Vident Advisory LLC purchased a new position in shares of FTAI Aviation during the first quarter valued at approximately $323,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $174.19 on Monday. FTAI Aviation has a 1 year low of $75.06 and a 1 year high of $194.36. The firm has a market cap of $17.87 billion, a price-to-earnings ratio of 39.77 and a beta of 1.56. The company has a 50-day moving average of $169.43 and a 200 day moving average of $152.25.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The business had revenue of $667.06 million for the quarter, compared to the consensus estimate of $662.51 million. During the same period in the previous year, the firm earned $0.76 EPS. The company’s revenue was up 43.2% on a year-over-year basis. On average, equities analysts anticipate that FTAI Aviation will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. FTAI Aviation’s dividend payout ratio (DPR) is 31.96%.

About FTAI Aviation

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.