FTAI Aviation (NYSE:FTAI) Earns “Outperform” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of FTAI Aviation (NYSE:FTAI) in a research note published on Wednesday,Benzinga reports. They currently have a $160.00 price objective on the financial services provider’s stock.

A number of other analysts have also recently weighed in on FTAI. Barclays boosted their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Benchmark upped their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research note on Friday, January 10th. Jefferies Financial Group increased their target price on FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Stifel Nicolaus dropped their price target on FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $91.99 on Wednesday. FTAI Aviation has a one year low of $49.81 and a one year high of $181.64. The company’s fifty day moving average price is $146.49 and its two-hundred day moving average price is $132.23. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of -919.81 and a beta of 2.09.

FTAI Aviation (NYSE:FTAI) last issued 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). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same period in the previous year, the business posted $0.33 earnings per share. The firm’s revenue was up 60.0% on a year-over-year basis. As a group, sell-side analysts anticipate that FTAI Aviation will post 2.21 earnings per share for the current 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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

Several large investors have recently modified their holdings of FTAI. Geode Capital Management LLC lifted its position in shares of FTAI Aviation by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after buying an additional 61,897 shares during the period. State Street Corp lifted its holdings in shares of FTAI Aviation by 1.7% during the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after acquiring an additional 38,279 shares during the period. Westfield Capital Management Co. LP boosted its stake in shares of FTAI Aviation by 87.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock valued at $220,618,000 after purchasing an additional 773,017 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of FTAI Aviation by 18.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock worth $153,474,000 after purchasing an additional 182,252 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of FTAI Aviation by 10.0% during the 3rd quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after purchasing an additional 95,200 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

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.