FTAI Aviation (NASDAQ:FTAI) Shares Gap Up – Time to Buy?

FTAI Aviation Ltd. (NASDAQ:FTAI) shares gapped up before the market opened on Thursday . The stock had previously closed at $213.11, but opened at $232.85. FTAI Aviation shares last traded at $247.00, with a volume of 793,366 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FTAI shares. Royal Bank Of Canada lifted their price objective on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Wolfe Research restated an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a report on Wednesday, December 31st. Citizens Jmp raised their target price on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a report on Thursday, January 29th. Jefferies Financial Group restated a “buy” rating and set a $350.00 target price on shares of FTAI Aviation in a report on Monday, February 9th. Finally, Zacks Research upgraded FTAI Aviation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $295.78.

FTAI Aviation Trading Up 16.1%

The company has a fifty day simple moving average of $255.46 and a two-hundred day simple moving average of $223.39. The company has a debt-to-equity ratio of 10.32, a current ratio of 5.28 and a quick ratio of 2.30. The company has a market capitalization of $25.38 billion, a P/E ratio of 53.55, a price-to-earnings-growth ratio of 0.87 and a beta of 1.59.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.61 by ($0.32). The company had revenue of $830.70 million for the quarter. FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. FTAI Aviation’s quarterly revenue was up 65.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 EPS. On average, analysts forecast that FTAI Aviation Ltd. will post 7.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Friday, March 13th were paid a $0.40 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.6%. FTAI Aviation’s payout ratio is presently 34.63%.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC increased its stake in shares of FTAI Aviation by 40.9% in the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 45 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of FTAI Aviation by 1.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,454 shares of the financial services provider’s stock worth $877,000 after purchasing an additional 52 shares during the period. MetLife Investment Management LLC increased its stake in shares of FTAI Aviation by 0.9% in the fourth quarter. MetLife Investment Management LLC now owns 6,578 shares of the financial services provider’s stock worth $1,295,000 after purchasing an additional 57 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of FTAI Aviation by 122.9% in the first quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 59 shares during the period. Finally, Rossby Financial LCC increased its stake in shares of FTAI Aviation by 13.6% in the third quarter. Rossby Financial LCC now owns 543 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 65 shares during the period. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Company Profile

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.