FTAI Aviation (NASDAQ:FTAI) Price Target Raised to $375.00 at Citizens Jmp

FTAI Aviation (NASDAQ:FTAI) had its target price upped by Citizens Jmp from $325.00 to $375.00 in a research report released on Wednesday, MarketBeat.com reports. The firm currently has a market outperform rating on the financial services provider’s stock.

FTAI has been the subject of several other research reports. Jefferies Financial Group reiterated a “buy” rating and set a $400.00 target price on shares of FTAI Aviation in a research note on Sunday, May 3rd. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Morgan Stanley reissued an “overweight” rating and issued a $319.00 target price on shares of FTAI Aviation in a report on Friday, May 8th. Finally, Weiss Ratings downgraded FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $333.12.

FTAI Aviation Price Performance

FTAI opened at $213.80 on Wednesday. The company has a market capitalization of $21.93 billion, a P/E ratio of 42.42, a PEG ratio of 0.83 and a beta of 1.46. The company has a 50-day moving average of $249.63 and a 200-day moving average of $253.94. The company has a debt-to-equity ratio of 8.00, a quick ratio of 2.48 and a current ratio of 5.24. FTAI Aviation has a 1-year low of $109.90 and a 1-year high of $323.51.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.29 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The company had revenue of $830.70 million for the quarter. During the same quarter last year, the firm earned $0.87 earnings per share. The business’s revenue was up 65.4% on a year-over-year basis. Equities analysts expect that FTAI Aviation will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Investors of record on Wednesday, May 13th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, May 13th. FTAI Aviation’s payout ratio is currently 31.75%.

Insider Activity

In other FTAI Aviation news, Director Martin Tuchman sold 67,500 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $241.99, for a total transaction of $16,334,325.00. Following the transaction, the director owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. This trade represents a 24.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Judith A. Hannaway sold 255 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $253.89, for a total transaction of $64,741.95. Following the sale, the director owned 3,012 shares in the company, valued at $764,716.68. This trade represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 254,515 shares of company stock valued at $61,599,445 in the last ninety days. Corporate insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of FTAI Aviation by 323.6% during the fourth quarter. M&T Bank Corp now owns 16,112 shares of the financial services provider’s stock worth $3,172,000 after acquiring an additional 12,308 shares in the last quarter. Trek Financial LLC acquired a new stake in FTAI Aviation during the fourth quarter valued at $3,936,000. Resona Asset Management Co. Ltd. purchased a new position in FTAI Aviation in the first quarter valued at about $7,217,000. Asset Management One Co. Ltd. grew its stake in FTAI Aviation by 51.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 18,698 shares of the financial services provider’s stock valued at $3,681,000 after purchasing an additional 6,374 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in FTAI Aviation in the 3rd quarter worth about $7,816,000. 88.96% of the stock is currently owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.