Wolfe Research upgraded shares of FTAI Aviation (NYSE:FTAI - Free Report) from a peer perform rating to an outperform rating in a report published on Friday, Marketbeat reports. The brokerage currently has $190.00 price target on the financial services provider's stock.
A number of other research firms have also recently commented on FTAI. Jefferies Financial Group lifted their target price on FTAI Aviation from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Morgan Stanley restated an "underperform" rating on shares of FTAI Aviation in a research report on Friday, October 18th. Compass Point increased their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. 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 note on Tuesday, December 31st. Two analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, FTAI Aviation presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.33.
Get Our Latest Stock Analysis on FTAI
FTAI Aviation Price Performance
NYSE FTAI traded up $5.24 on Friday, hitting $174.02. The company had a trading volume of 2,509,020 shares, compared to its average volume of 1,826,686. FTAI Aviation has a 12-month low of $46.88 and a 12-month high of $181.64. The company has a market capitalization of $17.85 billion, a PE ratio of -1,740.03 and a beta of 2.09. The company's fifty day moving average price is $151.20 and its 200-day moving average price is $130.62.
FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). The company had revenue of $465.80 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the firm posted $0.33 EPS. On average, sell-side analysts anticipate that FTAI Aviation will post 2.21 EPS for the current year.
FTAI Aviation Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.20 annualized dividend and a yield of 0.69%. FTAI Aviation's dividend payout ratio (DPR) is presently -1,200.00%.
Hedge Funds Weigh In On FTAI Aviation
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Orion Portfolio Solutions LLC raised its position in FTAI Aviation by 2.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider's stock worth $483,000 after purchasing an additional 102 shares during the last quarter. MML Investors Services LLC grew its position in shares of FTAI Aviation by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 129 shares during the period. Foundations Investment Advisors LLC lifted its position in FTAI Aviation by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider's stock valued at $352,000 after acquiring an additional 145 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider's stock worth $46,000 after buying an additional 189 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of FTAI Aviation in the third quarter worth $26,000. Institutional investors own 88.96% of the company's stock.
FTAI Aviation Company Profile
(
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.
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