FTAI Aviation (NYSE:FTAI) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of FTAI Aviation (NYSE:FTAI) in a report released on Tuesday morning, MarketBeat.com reports. The firm issued a buy rating and a $120.00 price objective on the financial services provider’s stock.

Several other equities research analysts have also commented on FTAI. Benchmark reiterated a buy rating and set a $100.00 price target on shares of FTAI Aviation in a research note on Friday, June 7th. JMP Securities lifted their price target on shares of FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a research note on Monday, April 29th. Compass Point lifted their price objective on shares of FTAI Aviation from $88.00 to $96.00 and gave the company a buy rating in a research note on Wednesday, May 29th. Barclays lifted their price objective on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Finally, StockNews.com upgraded shares of FTAI Aviation to a sell rating in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, FTAI Aviation has an average rating of Moderate Buy and an average target price of $84.29.

FTAI Aviation Trading Up 1.1 %

Shares of FTAI opened at $101.81 on Tuesday. FTAI Aviation has a twelve month low of $29.16 and a twelve month high of $101.99. The firm’s fifty day simple moving average is $81.94 and its 200-day simple moving average is $64.78. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 46.49 and a beta of 1.95.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The company had revenue of $326.70 million for the quarter, compared to analyst estimates of $302.07 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. FTAI Aviation’s revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that FTAI Aviation will post 2.09 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, May 9th. FTAI Aviation’s payout ratio is 54.79%.

Insider Activity

In related news, CEO Joseph P. Jr. Adams acquired 59,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of $82.00 per share, with a total value of $4,838,000.00. Following the completion of the acquisition, the chief executive officer now owns 197,382 shares in the company, valued at $16,185,324. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Trading of FTAI Aviation

A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio boosted its holdings in FTAI Aviation by 37.4% during the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after buying an additional 231 shares in the last quarter. PNC Financial Services Group Inc. raised its position in FTAI Aviation by 25.2% during the third quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 657 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in FTAI Aviation by 1.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 39,944 shares of the financial services provider’s stock worth $2,688,000 after acquiring an additional 718 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in FTAI Aviation by 2.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,389 shares of the financial services provider’s stock worth $2,106,000 after acquiring an additional 902 shares during the last quarter. Finally, CWM LLC acquired a new position in FTAI Aviation during the fourth quarter worth about $43,000. Hedge funds and other institutional investors 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.