FTAI Aviation Ltd. (NASDAQ:FTAI) Receives $320.11 Average Price Target from Analysts

FTAI Aviation Ltd. (NASDAQ:FTAI) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $320.1111.

Several research firms have commented on FTAI. Citizens Jmp started coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target for the company. Royal Bank Of Canada reduced their price objective on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Morgan Stanley lifted their target price on FTAI Aviation from $319.00 to $360.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a research note on Friday, July 31st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $325.00 price target on shares of FTAI Aviation in a research report on Sunday, August 2nd.

FTAI Aviation Stock Down 1.9%

FTAI stock opened at $185.61 on Friday. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. The firm has a market cap of $19.06 billion, a PE ratio of 40.35, a PEG ratio of 0.94 and a beta of 1.51. The firm’s 50 day moving average price is $218.41 and its 200-day moving average price is $242.94. FTAI Aviation has a one year low of $148.43 and a one year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business had revenue of $953.09 million during the quarter. During the same period last year, the firm posted $1.57 earnings per share. The business’s revenue for the quarter was up 40.9% on a year-over-year basis. On average, equities research analysts anticipate that FTAI Aviation will post 5.48 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Wednesday, August 12th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $2.00 annualized dividend and a yield of 1.1%. FTAI Aviation’s dividend payout ratio (DPR) is 43.48%.

Insider Transactions at FTAI Aviation

In other news, President David Moreno purchased 2,475 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the completion of the purchase, the president directly owned 199,490 shares of the company’s stock, valued at $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors have recently modified their holdings of FTAI. California State Teachers Retirement System increased its holdings in FTAI Aviation by 33,634.6% in the second quarter. California State Teachers Retirement System now owns 40,055,754 shares of the financial services provider’s stock valued at $10,836,283,000 after buying an additional 39,937,016 shares during the last quarter. Capital World Investors increased its holdings in shares of FTAI Aviation by 41.1% in the 4th quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after acquiring an additional 2,596,265 shares during the last quarter. Rubric Capital Management LP raised its position in shares of FTAI Aviation by 10.1% during the 4th quarter. Rubric Capital Management LP now owns 3,700,000 shares of the financial services provider’s stock worth $728,345,000 after acquiring an additional 339,447 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in 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 during the last quarter. Finally, Geode Capital Management LLC lifted its stake in FTAI Aviation by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 2,004,963 shares of the financial services provider’s stock worth $394,757,000 after purchasing an additional 71,271 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.