FTAI Aviation (NYSE:FTAI) Shares Gap Up Following Analyst Upgrade

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price gapped up prior to trading on Tuesday after Stifel Nicolaus raised their price target on the stock from $156.00 to $167.00. The stock had previously closed at $126.51, but opened at $136.54. Stifel Nicolaus currently has a buy rating on the stock. FTAI Aviation shares last traded at $145.75, with a volume of 834,437 shares traded.

Several other brokerages have also weighed in on FTAI. Deutsche Bank Aktiengesellschaft lifted their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Benchmark upped their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Jefferies Financial Group raised their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Friday, November 1st. Finally, Compass Point raised their price objective on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.18.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the 3rd quarter worth about $26,000. Anchor Investment Management LLC acquired a new position in FTAI Aviation in the 3rd quarter valued at about $31,000. Arcadia Investment Management Corp MI acquired a new stake in shares of FTAI Aviation during the second quarter worth $33,000. Farther Finance Advisors LLC raised its position in shares of FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after buying an additional 189 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new stake in FTAI Aviation during the third quarter worth about $200,000. 88.96% of the stock is currently owned by institutional investors.

FTAI Aviation Stock Performance

The stock has a market cap of $14.77 billion, a price-to-earnings ratio of -1,440.26 and a beta of 2.06. The stock has a fifty day simple moving average of $149.24 and a two-hundred day simple moving average of $128.12.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The firm had revenue of $465.80 million for the quarter, compared to analyst estimates of $422.45 million. During the same quarter last year, the company earned $0.33 earnings per share. The company’s quarterly revenue was up 60.0% compared to the same quarter last year. Equities analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. FTAI Aviation’s payout ratio is currently -1,200.00%.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.