BTIG Research Raises FTAI Aviation (NYSE:FTAI) Price Target to $190.00

FTAI Aviation (NYSE:FTAI) had its target price raised by BTIG Research from $180.00 to $190.00 in a research report report published on Tuesday morning, MarketBeat reports. BTIG Research currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley reaffirmed an “underperform” rating on shares of FTAI Aviation in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Benchmark upped their target price on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Compass Point raised their price objective on FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. 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 report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus target price of $176.18.

FTAI Aviation Stock Up 0.3 %

Shares of FTAI opened at $144.44 on Tuesday. The stock has a market capitalization of $14.81 billion, a P/E ratio of -1,444.26 and a beta of 2.06. FTAI Aviation has a twelve month low of $44.65 and a twelve month high of $177.18. The firm has a fifty day simple moving average of $149.26 and a two-hundred day simple moving average of $128.23.

FTAI Aviation (NYSE:FTAI) last released 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). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The business had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. During the same period in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was up 60.0% on a year-over-year basis. Sell-side analysts expect that FTAI Aviation will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.20 annualized dividend and a dividend yield of 0.83%. FTAI Aviation’s dividend payout ratio (DPR) is presently -1,200.00%.

Institutional Trading of FTAI Aviation

Large investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC bought a new position in FTAI Aviation during the second quarter valued at approximately $369,000. Rhumbline Advisers raised its stake in FTAI Aviation by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 143,741 shares of the financial services provider’s stock valued at $14,838,000 after buying an additional 6,421 shares during the last quarter. Foundations Investment Advisors LLC bought a new position in shares of FTAI Aviation during the 2nd quarter valued at $258,000. TD Asset Management Inc bought a new position in shares of FTAI Aviation during the 2nd quarter valued at $3,887,000. Finally, Victory Capital Management Inc. grew its holdings in shares of FTAI Aviation by 121.7% in the second quarter. Victory Capital Management Inc. now owns 115,236 shares of the financial services provider’s stock worth $11,896,000 after acquiring an additional 63,258 shares during the period. 88.96% of the stock is currently owned by institutional investors.

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.