FTAI Aviation (NYSE:FTAI) Given “Outperform” Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of FTAI Aviation (NYSE:FTAI) in a report released on Wednesday morning,Benzinga reports. Royal Bank of Canada currently has a $160.00 price objective on the financial services provider’s stock.

A number of other analysts have also recently weighed in on FTAI. Barclays raised their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Benchmark increased their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Tuesday. Compass Point upped their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation has an average rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Price Performance

Shares of NYSE:FTAI opened at $91.99 on Wednesday. The stock’s 50 day moving average price is $146.49 and its 200 day moving average price is $132.23. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of -919.81 and a beta of 2.09. FTAI Aviation has a 12 month low of $49.81 and a 12 month high of $181.64.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $422.45 million. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 60.0% on a year-over-year basis. On average, sell-side analysts expect that FTAI Aviation will post 2.21 EPS for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s payout ratio is presently -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTAI. Brown Brothers Harriman & Co. acquired a new position in shares of FTAI Aviation in the third quarter worth $26,000. Anchor Investment Management LLC acquired a new stake in FTAI Aviation during the third quarter valued at $31,000. Farther Finance Advisors LLC grew its stake in 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 purchasing an additional 189 shares in the last quarter. USA Financial Formulas acquired a new position in FTAI Aviation in the 4th quarter worth about $93,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of FTAI Aviation during the 4th quarter worth about $203,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

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.