Stifel Nicolaus Cuts FTAI Aviation (NYSE:FTAI) Price Target to $100.00

FTAI Aviation (NYSE:FTAI) had its price objective decreased by Stifel Nicolaus from $167.00 to $100.00 in a report issued on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the financial services provider’s stock.

FTAI has been the topic of several other reports. BTIG Research raised their target price on shares of FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, December 31st. Jefferies Financial Group raised their target price on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a 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. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Tuesday. Finally, Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Stock Performance

NYSE:FTAI opened at $90.98 on Wednesday. FTAI Aviation has a 52 week low of $51.03 and a 52 week high of $181.64. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of -909.71 and a beta of 2.09. The firm’s 50-day simple moving average is $144.02 and its 200 day simple moving average is $131.91.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results 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 business had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same period in the prior year, the business posted $0.33 earnings per share. FTAI Aviation’s revenue was up 60.0% compared to the same quarter last year. Sell-side analysts anticipate that FTAI Aviation will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.32%. FTAI Aviation’s dividend payout ratio (DPR) is currently -1,199.88%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in shares of FTAI Aviation in the 3rd quarter worth approximately $26,000. Anchor Investment Management LLC bought a new stake in shares of FTAI Aviation in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC increased its stake in shares of FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares in the last quarter. USA Financial Formulas bought a new stake in shares of FTAI Aviation in the 4th quarter valued at $93,000. Finally, Raymond James Trust N.A. bought a new stake in shares of FTAI Aviation in the 3rd quarter valued at $200,000. Institutional investors and hedge funds 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.