FTAI Aviation (NYSE:FTAI) Price Target Raised to $190.00

FTAI Aviation (NYSE:FTAI) had its target price upped by BTIG Research from $180.00 to $190.00 in a research note issued to investors on Tuesday morning, Marketbeat reports. BTIG Research currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. Citigroup increased their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Benchmark increased their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research report on Friday, November 1st. Barclays increased their price objective on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Compass Point boosted their target price on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus price target of $176.18.

FTAI Aviation Trading Up 0.3 %

Shares of FTAI stock opened at $144.44 on Tuesday. FTAI Aviation has a 12 month low of $44.65 and a 12 month high of $177.18. The stock has a market capitalization of $14.81 billion, a P/E ratio of -1,444.26 and a beta of 2.06. The firm’s 50 day moving average is $149.26 and its 200 day moving average is $128.23.

FTAI Aviation (NYSE:FTAI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (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 for the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the prior year, the company earned $0.33 EPS. The company’s revenue was up 60.0% on a year-over-year basis. On average, equities analysts predict that FTAI Aviation will post 2.21 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,200.00%.

Institutional Trading of FTAI Aviation

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after acquiring an additional 182,252 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of FTAI Aviation by 102.8% in the 3rd quarter. Franklin Resources Inc. now owns 411,476 shares of the financial services provider’s stock valued at $54,685,000 after purchasing an additional 208,613 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of FTAI Aviation by 64.7% during the 3rd quarter. Tidal Investments LLC now owns 23,652 shares of the financial services provider’s stock valued at $3,143,000 after purchasing an additional 9,293 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in FTAI Aviation in the 3rd quarter worth $478,000. Finally, Anchor Investment Management LLC bought a new stake in FTAI Aviation in the third quarter worth $31,000. 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.