FTAI Aviation Ltd. (NYSE:FTAI) Given Consensus Recommendation of “Buy” by Brokerages

Posted by Defense World Staff on Jul 31st, 2023

FTAI Aviation Ltd. (NYSE:FTAI – Get Free Report) has earned an average recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $37.44.

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on FTAI Aviation from $29.50 to $32.00 in a research report on Thursday, April 27th. JMP Securities increased their price target on FTAI Aviation from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com assumed coverage on FTAI Aviation in a research report on Thursday, May 18th. They set a “hold” rating for the company. Barclays increased their price target on FTAI Aviation from $32.00 to $38.00 in a research report on Tuesday, July 18th. Finally, Raymond James increased their price target on FTAI Aviation from $31.00 to $37.50 and gave the company an “outperform” rating in a research report on Friday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FTAI. Citigroup Inc. raised its position in shares of FTAI Aviation by 221.0% in the 1st quarter. Citigroup Inc. now owns 28,196 shares of the financial services provider’s stock worth $726,000 after acquiring an additional 19,413 shares in the last quarter. BlackRock Inc. bought a new position in shares of FTAI Aviation in the 1st quarter worth about $96,000. Spring Creek Capital LLC raised its position in shares of FTAI Aviation by 2.7% in the 1st quarter. Spring Creek Capital LLC now owns 446,322 shares of the financial services provider’s stock worth $11,493,000 after acquiring an additional 11,856 shares in the last quarter. Cruiser Capital Advisors LLC raised its position in shares of FTAI Aviation by 8.0% in the 1st quarter. Cruiser Capital Advisors LLC now owns 251,016 shares of the financial services provider’s stock worth $6,464,000 after acquiring an additional 18,628 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of FTAI Aviation by 1.1% in the 1st quarter. Gamco Investors INC. ET AL now owns 64,340 shares of the financial services provider’s stock worth $1,657,000 after acquiring an additional 722 shares in the last quarter. 87.47% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Price Performance

Shares of FTAI Aviation stock opened at $32.04 on Monday. FTAI Aviation has a 1 year low of $14.29 and a 1 year high of $34.29. The business has a 50-day moving average of $30.38 and a two-hundred day moving average of $27.14. The company has a market capitalization of $3.20 billion, a P/E ratio of 49.29 and a beta of 1.88.

FTAI Aviation (NYSE:FTAI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.18. FTAI Aviation had a return on equity of 19.94% and a net margin of 8.85%. The company had revenue of $274.35 million during the quarter, compared to the consensus estimate of $286.83 million. During the same period in the prior year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up 144.8% compared to the same quarter last year. On average, equities analysts anticipate that FTAI Aviation will post 1.17 EPS for the current fiscal year.

FTAI Aviation Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 23rd. Shareholders of record on Friday, May 12th were issued a dividend of $0.30 per share. This represents a yield of 4.25%. The ex-dividend date of this dividend was Thursday, May 11th. FTAI Aviation’s payout ratio is presently 184.62%.

FTAI Aviation Company Profile

(Get Free Report

FTAI Aviation Ltd. owns and acquires infrastructure and related 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.