FTAI Aviation (NYSE:FTAI) Shares Gap Up on Analyst Upgrade

FTAI Aviation Ltd. (NYSE:FTAI)’s share price gapped up before the market opened on Tuesday after Stifel Nicolaus raised their price target on the stock from $156.00 to $167.00. The stock had previously closed at $126.51, but opened at $136.54. Stifel Nicolaus currently has a buy rating on the stock. FTAI Aviation shares last traded at $145.75, with a volume of 834,437 shares changing hands.

Other analysts have also recently issued research reports about the stock. Barclays lifted their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Finally, BTIG Research lifted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $176.18.

Institutional Investors Weigh In On FTAI Aviation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTAI. Commonwealth Equity Services LLC purchased a new stake in FTAI Aviation during the 2nd quarter worth about $369,000. Rhumbline Advisers lifted its holdings in shares of FTAI Aviation by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 143,741 shares of the financial services provider’s stock worth $14,838,000 after purchasing an additional 6,421 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in FTAI Aviation during the second quarter worth $258,000. TD Asset Management Inc bought a new stake in FTAI Aviation during the second quarter worth $3,887,000. Finally, Victory Capital Management Inc. grew its stake in shares of FTAI Aviation by 121.7% in the 2nd quarter. Victory Capital Management Inc. now owns 115,236 shares of the financial services provider’s stock worth $11,896,000 after acquiring an additional 63,258 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Stock Performance

The company’s 50 day simple moving average is $149.24 and its 200 day simple moving average is $128.12. The stock has a market cap of $14.77 billion, a PE ratio of -1,440.26 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last issued its earnings results 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 business had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 EPS. Equities research analysts expect that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is presently -1,200.00%.

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.