FTAI Aviation (NYSE:FTAI) Price Target Increased to $143.00 by Analysts at Royal Bank of Canada

FTAI Aviation (NYSE:FTAI) had its target price lifted by Royal Bank of Canada from $120.00 to $143.00 in a report released on Thursday, Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group initiated coverage on FTAI Aviation in a report on Tuesday, June 25th. They set a buy rating and a $120.00 price target for the company. JMP Securities boosted their target price on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a market outperform rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their price target on shares of FTAI Aviation from $120.00 to $125.00 and gave the company a buy rating in a report on Thursday, July 25th. Stifel Nicolaus upgraded shares of FTAI Aviation from a hold rating to a buy rating and upped their price objective for the stock from $69.00 to $132.00 in a report on Friday, July 26th. Finally, Morgan Stanley increased their target price on shares of FTAI Aviation from $105.00 to $140.00 and gave the stock an overweight rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $126.09.

FTAI Aviation Stock Up 0.1 %

FTAI stock opened at $130.39 on Thursday. The company has a 50 day moving average of $113.52 and a two-hundred day moving average of $91.16. FTAI Aviation has a 12-month low of $32.66 and a 12-month high of $132.94. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 59.54 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The firm had revenue of $443.59 million for the quarter, compared to analysts’ expectations of $361.92 million. On average, research analysts anticipate that FTAI Aviation will post 2.13 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Monday, August 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Monday, August 12th. FTAI Aviation’s dividend payout ratio (DPR) is currently 54.79%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Hsbc Holdings PLC increased its position in FTAI Aviation by 2.0% during the second quarter. Hsbc Holdings PLC now owns 11,255 shares of the financial services provider’s stock worth $1,163,000 after acquiring an additional 216 shares during the period. Xponance Inc. increased its holdings in shares of FTAI Aviation by 4.1% during the 2nd quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 248 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of FTAI Aviation during the second quarter valued at about $33,000. Arizona State Retirement System lifted its stake in shares of FTAI Aviation by 1.9% in the second quarter. Arizona State Retirement System now owns 28,064 shares of the financial services provider’s stock valued at $2,897,000 after buying an additional 516 shares during the period. Finally, Ridgewood Investments LLC acquired a new stake in FTAI Aviation during the second quarter worth about $59,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

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.