FTAI Aviation (NYSE:FTAI) Upgraded by Wolfe Research to “Outperform” Rating

Wolfe Research upgraded shares of FTAI Aviation (NYSE:FTAI) from a peer perform rating to an outperform rating in a research report released on Friday, Marketbeat Ratings reports. They currently have $190.00 target price on the financial services provider’s stock.

FTAI has been the subject of several other research reports. Jefferies Financial Group lifted their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Compass Point increased their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Benchmark lifted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Finally, BTIG Research increased their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $177.33.

FTAI Aviation Trading Up 3.1 %

FTAI stock opened at $174.02 on Friday. The stock’s 50 day simple moving average is $151.20 and its 200 day simple moving average is $130.62. FTAI Aviation has a 12-month low of $46.88 and a 12-month high of $181.64. The firm has a market cap of $17.85 billion, a P/E ratio of -1,740.03 and a beta of 2.09.

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

FTAI Aviation Dividend Announcement

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 $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.69%. FTAI Aviation’s payout ratio is currently -1,200.00%.

Institutional Trading of FTAI Aviation

Institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its holdings in FTAI Aviation by 148.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 116,059 shares of the financial services provider’s stock valued at $16,717,000 after acquiring an additional 69,260 shares during the last quarter. Diversified Trust Co boosted its position in FTAI Aviation by 79.4% during the fourth quarter. Diversified Trust Co now owns 23,463 shares of the financial services provider’s stock valued at $3,380,000 after acquiring an additional 10,383 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in FTAI Aviation during the 4th quarter worth about $203,000. JPMorgan Chase & Co. lifted its stake in shares of FTAI Aviation by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after purchasing an additional 182,252 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of FTAI Aviation by 102.8% during the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after purchasing an additional 208,613 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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.