FTAI Aviation Ltd. (NASDAQ:FTAI) Stock Has Consensus Price Target of $315.67 According to Brokerages

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $315.67.

Several research firms have commented on FTAI. Royal Bank Of Canada reduced their price objective on FTAI Aviation from $350.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, July 27th. Weiss Ratings downgraded FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Morgan Stanley raised their price target on FTAI Aviation from $319.00 to $360.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft set a $290.00 price target on FTAI Aviation in a research note on Friday, July 31st. Finally, BTIG Research decreased their price objective on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a report on Tuesday, August 4th.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, President David Moreno purchased 2,475 shares of FTAI Aviation stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of $201.27 per share, for a total transaction of $498,143.25. Following the acquisition, the president owned 199,490 shares in the company, valued at $40,151,352.30. This trade represents a 1.26% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors have recently bought and sold shares of the business. Mediolanum International Funds Ltd acquired a new position in FTAI Aviation during the 1st quarter valued at about $1,313,000. Baird Financial Group Inc. boosted its holdings in FTAI Aviation by 619.2% in the second quarter. Baird Financial Group Inc. now owns 89,672 shares of the financial services provider’s stock worth $24,259,000 after acquiring an additional 77,203 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in FTAI Aviation in the first quarter worth about $7,217,000. Independent Financial Group LLC purchased a new stake in shares of FTAI Aviation during the first quarter worth about $1,949,000. Finally, Swiss National Bank grew its stake in shares of FTAI Aviation by 48.9% during the first quarter. Swiss National Bank now owns 301,000 shares of the financial services provider’s stock worth $73,745,000 after acquiring an additional 98,808 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $175.06 on Wednesday. The company has a market capitalization of $17.98 billion, a P/E ratio of 38.06, a P/E/G ratio of 0.87 and a beta of 1.51. The company’s 50-day simple moving average is $202.09 and its two-hundred day simple moving average is $231.25. FTAI Aviation has a one year low of $149.50 and a one year high of $323.51. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07.

FTAI Aviation (NASDAQ:FTAI) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.19). The company had revenue of $953.09 million for the quarter. FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The business’s quarterly revenue was up 40.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.57 earnings per share. As a group, equities analysts anticipate that FTAI Aviation will post 5.48 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $2.00 dividend on an annualized basis and a yield of 1.1%. FTAI Aviation’s dividend payout ratio (DPR) is 43.48%.

FTAI Aviation Company Profile

FTAI Aviation Ltd. (NASDAQ: FTAI) is an aviation asset owner and lessor focused on commercial aircraft engines and related aviation equipment. The company primarily acquires, leases and manages aircraft engines, with a particular emphasis on CFM56 engines, which power many Airbus A320-family and Boeing 737 Next Generation aircraft.

In addition to engine leasing, FTAI Aviation owns and leases commercial aircraft and provides aviation aftermarket services. Its activities include engine disassembly, maintenance, repair and overhaul, as well as the sale of engine components and other aircraft parts.