FTAI Aviation (NYSE:FTAI) Rating Increased to Outperform at Wolfe Research

Wolfe Research upgraded shares of FTAI Aviation (NYSE:FTAI) from a peer perform rating to an outperform rating in a research report sent to investors on Friday, Marketbeat Ratings reports. Wolfe Research currently has $190.00 price target on the financial services provider’s stock.

A number of other analysts also recently issued reports on FTAI. Deutsche Bank Aktiengesellschaft lifted their price target on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada restated an “outperform” rating and set a $160.00 price objective on shares of FTAI Aviation in a research report on Friday, November 1st. Compass Point upped their target price on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Barclays increased their price target on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, Benchmark raised their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus price target of $177.33.

FTAI Aviation Price Performance

NYSE:FTAI opened at $174.02 on Friday. FTAI Aviation has a one year low of $46.88 and a one year high of $181.64. The company has a market cap of $17.85 billion, a PE ratio of -1,740.03 and a beta of 2.09. The firm has a 50-day moving average of $151.20 and a 200-day moving average of $130.62.

FTAI Aviation (NYSE:FTAI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS 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%. The business’s revenue was up 60.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 earnings per share. On average, equities research analysts expect that FTAI Aviation will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors 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 dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio is currently -1,200.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FTAI. Commonwealth Equity Services LLC purchased a new stake in FTAI Aviation in the 2nd quarter valued at approximately $369,000. Victory Capital Management Inc. increased its stake in FTAI Aviation by 121.7% during the 2nd quarter. Victory Capital Management Inc. now owns 115,236 shares of the financial services provider’s stock worth $11,896,000 after buying an additional 63,258 shares during the period. American Century Companies Inc. boosted its stake in shares of FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock valued at $100,423,000 after buying an additional 924,730 shares during the last quarter. O Neil Global Advisors Inc. increased its holdings in FTAI Aviation by 269.4% in the second quarter. O Neil Global Advisors Inc. now owns 19,753 shares of the financial services provider’s stock valued at $2,039,000 after buying an additional 14,406 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in FTAI Aviation by 25.3% during the second quarter. Envestnet Asset Management Inc. now owns 32,681 shares of the financial services provider’s stock worth $3,374,000 after purchasing an additional 6,599 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.