FTAI Aviation Ltd. (NASDAQ:FTAI) Stock Has Consensus Price Target of $304.38

FTAI Aviation Ltd. (NASDAQ:FTAI) has been assigned an average rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $306.25.

Several brokerages have recently issued reports on FTAI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research note on Friday, October 30th. Deutsche Bank set a $290.00 price objective on FTAI Aviation in a research report on Friday, July 31st. Royal Bank Of Canada raised their target price on FTAI Aviation from $250.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. BTIG Research lowered their price objective on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Morgan Stanley dropped their target price on FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a report on Friday, October 16th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FTAI. Baird Financial Group Inc. grew its position in FTAI Aviation by 619.2% in the 2nd quarter. Baird Financial Group Inc. now owns 89,672 shares of the financial services provider’s stock worth $24,259,000 after purchasing an additional 77,203 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of FTAI Aviation in the 1st quarter worth approximately $1,313,000. Generate Investment Management Ltd bought a new position in FTAI Aviation during the 3rd quarter worth approximately $16,703,000. State Street Corp boosted its position in FTAI Aviation by 2.5% during the 2nd quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock valued at $834,203,000 after buying an additional 75,452 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in FTAI Aviation during the 3rd quarter valued at approximately $6,310,000. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Trading Down 1.5%

Shares of FTAI traded down $2.67 on Thursday, hitting $180.20. 999,802 shares of the stock traded hands, compared to its average volume of 2,145,054. FTAI Aviation has a 1 year low of $146.48 and a 1 year high of $323.51. The stock’s 50 day moving average is $176.84 and its two-hundred day moving average is $227.52. The firm has a market capitalization of $18.43 billion, a P/E ratio of 36.55, a P/E/G ratio of 0.93 and a beta of 1.55. The company has a quick ratio of 1.31, a current ratio of 3.82 and a debt-to-equity ratio of 7.97.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.31 by $0.12. The firm had revenue of $977.66 million for the quarter. FTAI Aviation had a net margin of 15.46% and a return on equity of 132.04%. The company’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.10 EPS. As a group, sell-side analysts predict that FTAI Aviation will post 5.37 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is presently 40.57%.

FTAI Aviation Company Profile

FTAI Aviation owns and manages a portfolio of commercial jet engines and aircraft, which it leases to airlines and other aviation customers around the world. Its business focuses on mid-life equipment, providing customers with access to engines and aircraft without requiring them to own those assets outright. The company also supports its leasing operations with maintenance, repair and overhaul services, as well as the sale and exchange of engine modules and parts. Its work is particularly focused on the CFM56 and V2500 engine families, which are widely used on commercial aircraft.