Brokerages Set FTAI Aviation Ltd. (NASDAQ:FTAI) Target Price at $295.78

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $295.7778.

Several equities research analysts have recently issued reports on the stock. Citizens Jmp lifted their price objective on shares of FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Thursday, January 29th. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a research note on Thursday, January 29th. Weiss Ratings raised FTAI Aviation from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Barclays upped their price objective on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Wolfe Research reissued an “outperform” rating and set a $225.00 target price on shares of FTAI Aviation in a research report on Wednesday, December 31st.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock opened at $242.69 on Wednesday. The business has a 50-day simple moving average of $266.48 and a 200-day simple moving average of $214.45. The company has a debt-to-equity ratio of 10.32, a quick ratio of 2.30 and a current ratio of 5.28. FTAI Aviation has a one year low of $81.45 and a one year high of $323.51. The company has a market cap of $24.89 billion, a PE ratio of 52.53, a P/E/G ratio of 0.92 and a beta of 1.59.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). FTAI Aviation had a return on equity of 257.07% and a net margin of 19.98%.The firm had revenue of $662.03 million during the quarter, compared to analysts’ expectations of $710.37 million. During the same quarter in the prior year, the firm earned $0.84 EPS. The firm’s revenue was up 32.7% compared to the same quarter last year. On average, equities research analysts forecast that FTAI Aviation will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Friday, March 13th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.7%. FTAI Aviation’s dividend payout ratio (DPR) is presently 34.63%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FTAI. Capital International Investors lifted its position in FTAI Aviation by 0.7% in the third quarter. Capital International Investors now owns 13,895,852 shares of the financial services provider’s stock valued at $2,318,615,000 after acquiring an additional 94,383 shares during the last quarter. Capital World Investors grew its holdings in shares of FTAI Aviation by 41.1% during the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock worth $1,755,290,000 after purchasing an additional 2,596,265 shares during the last quarter. Rubric Capital Management LP increased its position in shares of FTAI Aviation by 10.1% during the fourth quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $728,345,000 after purchasing an additional 339,447 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of FTAI Aviation by 10.3% during the fourth quarter. Westfield Capital Management Co. LP now owns 2,350,625 shares of the financial services provider’s stock worth $462,721,000 after purchasing an additional 220,384 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of FTAI Aviation by 5.9% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,144,625 shares of the financial services provider’s stock valued at $246,718,000 after purchasing an additional 119,237 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.