Stifel Nicolaus Issues Pessimistic Forecast for FTAI Aviation (NYSE:FTAI) Stock Price

FTAI Aviation (NYSE:FTAI) had its price target reduced by Stifel Nicolaus from $167.00 to $100.00 in a research report released on Wednesday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research firms also recently issued reports on FTAI. Barclays lifted their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. StockNews.com raised shares of FTAI Aviation to a “sell” rating in a report on Tuesday. Wolfe Research raised shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a report on Friday, January 10th. Finally, Benchmark lifted their price objective 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 given a buy rating to the company. Based on data from MarketBeat, FTAI Aviation presently has an average rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Stock Down 10.4 %

NYSE:FTAI opened at $90.98 on Wednesday. The firm has a market capitalization of $9.33 billion, a P/E ratio of -909.71 and a beta of 2.09. The company has a fifty day moving average of $144.02 and a 200-day moving average of $131.91. FTAI Aviation has a twelve month low of $51.03 and a twelve month high of $181.64.

FTAI Aviation (NYSE:FTAI) last announced 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 net margin of 1.59% and a return on equity of 206.25%. The business’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. On average, analysts anticipate that FTAI Aviation will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed 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 dividend yield of 1.32%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s dividend payout ratio (DPR) is -1,199.88%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of FTAI Aviation by 2.7% in the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after purchasing an additional 61,897 shares during the last quarter. State Street Corp increased its position in shares of FTAI Aviation by 1.7% in the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock worth $308,999,000 after purchasing an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of FTAI Aviation by 87.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after purchasing an additional 773,017 shares during the last quarter. 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. Finally, Two Sigma Advisers LP grew its position in FTAI Aviation by 10.0% during the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock valued at $139,359,000 after acquiring an additional 95,200 shares during 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.