FTAI Aviation (NASDAQ:FTAI) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of FTAI Aviation (NASDAQ:FTAI) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts also recently commented on FTAI. Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price objective on shares of FTAI Aviation in a research note on Monday, February 9th. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Barclays boosted their target price on FTAI Aviation from $260.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Citizens Jmp boosted their target price on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. Finally, BTIG Research upped their price target on FTAI Aviation from $335.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $295.78.

FTAI Aviation Trading Up 3.2%

Shares of FTAI stock opened at $235.54 on Wednesday. The firm has a 50-day moving average price of $260.27 and a 200 day moving average price of $221.52. FTAI Aviation has a twelve month low of $86.84 and a twelve month high of $323.51. The company has a market capitalization of $24.16 billion, a price-to-earnings ratio of 50.98, a PEG ratio of 0.86 and a beta of 1.59. The company has a current ratio of 5.28, a quick ratio of 2.30 and a debt-to-equity ratio of 10.32.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Wednesday, February 25th. The financial services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The company had revenue of $662.03 million for the quarter, compared to analyst estimates of $710.37 million. During the same period in the prior year, the company earned $0.84 EPS. The company’s revenue was up 32.7% compared to the same quarter last year. Research analysts forecast that FTAI Aviation will post 7.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

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

Hedge Funds Weigh In On FTAI Aviation

Institutional investors have recently bought and sold shares of the stock. SJS Investment Consulting Inc. boosted its position in FTAI Aviation by 122.9% during the 1st quarter. SJS Investment Consulting Inc. now owns 107 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 59 shares during the period. Garton & Associates Financial Advisors LLC acquired a new stake in FTAI Aviation during the 4th quarter worth about $30,000. Mather Group LLC. acquired a new stake in shares of FTAI Aviation during the 3rd quarter valued at about $28,000. Greenline Wealth Management LLC acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at about $50,000. Finally, First Horizon Corp lifted its holdings in shares of FTAI Aviation by 131.9% during the 4th quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock valued at $63,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors 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.