FTAI Aviation (NYSE:FTAI) Sets New 12-Month High - Time to Buy?

Shares of FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $177.65 and last traded at $177.54, with a volume of 407229 shares. The stock had previously closed at $168.78.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 price target for the company in a research note on Friday. Royal Bank of Canada restated an "outperform" rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Friday, November 1st. Citigroup boosted their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Stifel Nicolaus boosted their target price on shares of FTAI Aviation from $156.00 to $167.00 and gave the company a "buy" rating in a research report on Tuesday, December 31st. Finally, Compass Point boosted their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $177.33.

FTAI Aviation Stock Up 3.1 %

The firm's fifty day moving average price is $151.20 and its 200 day moving average price is $130.62. The stock has a market cap of $17.85 billion, a PE ratio of -1,740.03 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS 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 company had revenue of $465.80 million during the quarter, compared to analysts' expectations of $422.45 million. During the same period last year, the firm posted $0.33 EPS. FTAI Aviation's quarterly revenue was up 60.0% compared to the same quarter last year. As a group, analysts anticipate that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Thursday, November 14th. FTAI Aviation's payout ratio is -1,200.00%.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. raised its stake in FTAI Aviation by 96.8% during the third quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider's stock valued at $1,110,000 after purchasing an additional 4,106 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in FTAI Aviation during the third quarter valued at $498,000. Diversified Trust Co purchased a new stake in FTAI Aviation during the third quarter valued at $1,738,000. Luxor Capital Group LP bought a new position in FTAI Aviation during the third quarter valued at $1,298,000. Finally, Franklin Resources Inc. increased its position in FTAI Aviation by 102.8% during the third quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider's stock valued at $54,685,000 after acquiring an additional 208,613 shares during the last quarter. Hedge funds and other 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.