FTAI Aviation Ltd. (NASDAQ:FTAI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a positive outlook: FTAI Aviation received a consensus “Moderate Buy” rating, with nine buy ratings and two holds. The average 12-month price target is $315.67, well above its reported $189.74 share price.
• The stock has declined 1.6% and remains below its 50-day and 200-day moving averages. In its latest quarter, revenue rose 40.9% year over year to $953.09 million, but earnings per share of $1.13 missed analysts’ $1.32 estimate.
• FTAI Aviation paid a quarterly dividend of $0.50 per share, equal to a $2.00 annualized payout and a 1.1% yield. Institutional investors own nearly 89% of the company, while its president recently purchased approximately $498,000 worth of shares.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $315.6667.

A number of analysts have weighed in on the company. BTIG Research reduced their price target on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday, August 4th. Citizens Jmp assumed coverage on shares of FTAI Aviation in a report on Wednesday, July 15th. They set a "market outperform" rating and a $375.00 price objective for the company. Barclays lowered their target price on shares of FTAI Aviation from $350.00 to $310.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 15th. Royal Bank Of Canada dropped their target price on shares of FTAI Aviation from $350.00 to $300.00 and set an "outperform" rating on the stock in a report on Monday, July 27th. Finally, Morgan Stanley boosted their target price on shares of FTAI Aviation from $319.00 to $360.00 and gave the stock an "overweight" rating in a research report on Friday, August 21st.

FTAI Aviation Stock Down 1.6%

FTAI opened at $189.74 on Wednesday. The company has a debt-to-equity ratio of 8.55, a quick ratio of 2.07 and a current ratio of 5.28. The company has a market capitalization of $19.49 billion, a PE ratio of 41.25, a P/E/G ratio of 0.96 and a beta of 1.51. The stock's fifty day moving average is $203.88 and its 200-day moving average is $232.87. FTAI Aviation has a one year low of $149.50 and a one year high of $323.51.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings data 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 business 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 company's quarterly revenue was up 40.9% on a year-over-year basis. During the same period last year, the business posted $1.57 EPS. On average, equities analysts predict that FTAI Aviation will post 5.48 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Wednesday, August 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation's payout ratio is currently 43.48%.

Insider Activity at FTAI Aviation

In related news, President David Moreno bought 2,475 shares of the company's stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of $201.27 per share, with a total value of $498,143.25. Following the completion of the transaction, the president owned 199,490 shares of the company's stock, valued at $40,151,352.30. The trade was a 1.26% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.35% of the stock is currently owned by company insiders.

Institutional Trading of FTAI Aviation

A number of hedge funds have recently bought and sold shares of the stock. Andra AP fonden bought a new position in shares of FTAI Aviation during the 2nd quarter worth about $325,000. State Street Corp raised its holdings in FTAI Aviation by 2.5% in the 2nd quarter. State Street Corp now owns 3,083,589 shares of the financial services provider's stock valued at $834,203,000 after acquiring an additional 75,452 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of FTAI Aviation by 42.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 33,697 shares of the financial services provider's stock worth $9,116,000 after acquiring an additional 9,976 shares during the period. Tidal Investments LLC bought a new stake in shares of FTAI Aviation in the 2nd quarter worth approximately $1,218,000. Finally, National Pension Service grew its holdings in shares of FTAI Aviation by 3,066.6% during the 2nd quarter. National Pension Service now owns 185,245 shares of the financial services provider's stock worth $50,114,000 after purchasing an additional 179,395 shares in the last quarter. 88.96% of the stock is owned by institutional investors.

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.

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