FTAI Aviation Ltd. (NASDAQ:FTAI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $201.1111.

A number of research analysts have weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of FTAI Aviation from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. JMP Securities raised their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 6th. Wall Street Zen downgraded FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. BTIG Research restated a “buy” rating and issued a $230.00 price objective on shares of FTAI Aviation in a research report on Wednesday, November 19th. Finally, Jones Trading assumed coverage on shares of FTAI Aviation in a research note on Friday, October 10th. They issued a “buy” rating and a $306.00 price target on the stock.

Insider Transactions at FTAI Aviation

In other news, COO David Moreno acquired 4,354 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the acquisition, the chief operating officer owned 4,354 shares in the company, valued at approximately $670,037.06. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of FTAI Aviation during the third quarter worth approximately $28,000. Virtus Advisers LLC acquired a new position in FTAI Aviation during the first quarter worth about $29,000. Parallel Advisors LLC grew its stake in FTAI Aviation by 78.5% during the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Global Retirement Partners LLC grew its stake in FTAI Aviation by 880.0% during the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 308 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in FTAI Aviation in the 1st quarter valued at about $53,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Up 3.7%

Shares of FTAI stock opened at $170.11 on Thursday. The stock has a market cap of $17.45 billion, a PE ratio of 38.84 and a beta of 1.67. FTAI Aviation has a 52-week low of $75.06 and a 52-week high of $194.36. The business has a 50-day simple moving average of $168.84 and a 200-day simple moving average of $144.20.

FTAI Aviation (NASDAQ:FTAI) last released its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). The company had revenue of $667.06 million during the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The company’s revenue for the quarter was up 43.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 EPS. Sell-side analysts anticipate that FTAI Aviation will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio is 31.96%.

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.