Compass Point Forecasts Strong Price Appreciation for FTAI Aviation (NYSE:FTAI) Stock

FTAI Aviation (NYSE:FTAI) had its target price boosted by Compass Point from $175.00 to $181.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Compass Point currently has a buy rating on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on FTAI. Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a research note on Friday, November 1st. Jefferies Financial Group lifted 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. BTIG Research began coverage on FTAI Aviation in a research note on Monday, August 26th. They set a “buy” rating and a $140.00 price target for the company. Citigroup lifted their price objective on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Barclays upped their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus price target of $168.45.

FTAI Aviation Price Performance

Shares of FTAI opened at $131.14 on Tuesday. The firm has a fifty day moving average price of $151.35 and a 200 day moving average price of $124.74. The stock has a market cap of $13.45 billion, a PE ratio of -1,311.27 and a beta of 2.06. FTAI Aviation has a 1-year low of $44.49 and a 1-year high of $177.18.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The firm had revenue of $465.80 million during the quarter, compared to analyst estimates of $422.45 million. FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm’s revenue for the quarter was up 60.0% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share. As a group, equities analysts expect that FTAI Aviation will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is currently -1,200.00%.

Institutional Trading of FTAI Aviation

Large investors have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of FTAI Aviation by 1,923.5% during the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after buying an additional 924,730 shares during the last quarter. Westfield Capital Management Co. LP raised its position in FTAI Aviation by 87.1% during 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 acquiring an additional 773,017 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of FTAI Aviation by 14,553.9% in the third quarter. International Assets Investment Management LLC now owns 564,028 shares of the financial services provider’s stock valued at $74,959,000 after purchasing an additional 560,179 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of FTAI Aviation by 229.9% in the third quarter. Victory Capital Management Inc. now owns 380,207 shares of the financial services provider’s stock valued at $50,530,000 after purchasing an additional 264,971 shares during the last quarter. Finally, Vantage Investment Partners LLC purchased a new position in shares of FTAI Aviation during the 3rd quarter worth approximately $32,769,000. Institutional investors and hedge funds 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.