FTAI Aviation (NYSE:FTAI) Price Target Raised to $155.00

FTAI Aviation (NYSE:FTAI) had its price objective increased by Jefferies Financial Group from $140.00 to $155.00 in a research note published on Monday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts have also recently commented on the stock. Compass Point upped their target price on shares of FTAI Aviation from $118.00 to $156.00 and gave the stock a buy rating in a research note on Friday, September 27th. Royal Bank of Canada upped their price objective on FTAI Aviation from $120.00 to $143.00 and gave the stock an outperform rating in a research report on Thursday, September 19th. BTIG Research initiated coverage on FTAI Aviation in a research report on Monday, August 26th. They issued a buy rating and a $140.00 target price on the stock. JMP Securities upped their price target on FTAI Aviation from $90.00 to $132.00 and gave the stock a market outperform rating in a research report on Thursday, July 25th. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a hold rating to a buy rating and raised their price target for the stock from $69.00 to $132.00 in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, FTAI Aviation currently has an average rating of Moderate Buy and an average price target of $134.73.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $134.62 on Monday. The company has a market capitalization of $13.50 billion, a P/E ratio of 61.47 and a beta of 2.04. The business has a 50-day moving average of $117.13 and a two-hundred day moving average of $94.72. FTAI Aviation has a 1 year low of $32.66 and a 1 year high of $135.40.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Tuesday, July 23rd. The financial services provider reported $0.26 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 company had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. On average, equities analysts anticipate that FTAI Aviation will post 2.13 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Monday, August 12th. FTAI Aviation’s payout ratio is currently 54.79%.

Institutional Trading of FTAI Aviation

Several institutional investors and hedge funds have recently bought and sold shares of FTAI. Hsbc Holdings PLC boosted its stake in shares of FTAI Aviation by 2.0% during the 2nd 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% in the second quarter. Xponance Inc. now owns 6,275 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 248 shares during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of FTAI Aviation in the second quarter valued at about $33,000. Arizona State Retirement System lifted its stake in shares of FTAI Aviation by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 28,064 shares of the financial services provider’s stock worth $2,897,000 after buying an additional 516 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of FTAI Aviation during the 2nd quarter worth about $59,000. Institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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.