FTAI Aviation Ltd. (NYSE:FTAI – Get Free Report) has an average recommendation of “Moderate Buy” from the twelve analysts that currently cover the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock over the last year is $88.50.
FTAI has been the subject of several research reports. Wolfe Research downgraded shares of FTAI Aviation from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their price target on FTAI Aviation from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, May 30th. Morgan Stanley increased their price target on FTAI Aviation from $85.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, June 13th. Citigroup increased their price target on shares of FTAI Aviation from $81.00 to $99.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. Finally, Barclays raised their price target on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th.
Get our latest stock analysis on FTAI Aviation
Insider activity
In other FTAI Aviation news, CEO Joseph P. Jr. Adams bought 59,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were purchased at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the completion of the purchase, the CEO now owns 197,382 shares of the company’s stock, valued at $16,185,324. The purchase was disclosed in a filing with the SEC, which can be accessed at this link. Corporate insiders own 1.60% of the company’s stock.
Institutional inflow and outflow
Several institutional investors have made recent changes to their holdings. Public Employees Retirement System of Ohio increased its holdings in FTAI Aviation by 37.4% in the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 231 shares in the last quarter. CWM LLC acquired a new stake in FTAI Aviation in the fourth quarter worth $43,000. USA Financial Formulas increased its position in FTAI Aviation by 1,684.6% in the fourth quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 1,533 shares in the last quarter. Tucker Asset Management LLC increased its position in FTAI Aviation by 726.5% in the fourth quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,453 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in FTAI Aviation in the 4th quarter worth about $109,000. 88.96% of the shares are currently owned by institutional investors and hedge funds.
FTAI Aviation shares rise 1.3%
Shares of NYSE FTAI opened at $97.72 on Monday. The company’s 50-day moving average price is $88.67 and its 200-day moving average price is $69.53. The company has a market cap of $9.80 billion, a PE ratio of 44.62, and a beta of 2.03. FTAI Aviation has a 12-month low of $31.73 and a 12-month high of $111.02.
FTAI Aviation (NYSE:FTAI – Get Free Report) last released its earnings results on Thursday, April 25. The financial services company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). The company had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The company’s revenue increased 11.6% compared to the year-ago quarter. In the same period last year, the company reported $0.22 EPS. As a group, research analysts expect FTAI Aviation to post 2.04 EPS for the current fiscal year.
FTAI Aviation Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th were paid a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a yield of 1.23%. The ex-dividend date was Thursday, May 9th. FTAI Aviation’s payout ratio is currently 54.79%.
Company Profile of FTAI Aviation
(Get free report
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.
read more
Get daily news and reviews for FTAI Aviation – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings on FTAI Aviation and related companies with MarketBeat.com’s FREE daily email newsletter.
