FTAI Aviation Ltd. (NASDAQ:FTAI) Stock Now Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analyst sentiment is broadly positive: Eight of 10 analysts rate FTAI Aviation a buy and two rate it hold, for an overall “Moderate Buy” consensus and an average 12-month price target of $304.38.
• Quarterly results beat expectations: FTAI reported EPS of $1.43 versus the $1.31 consensus, while revenue rose 46.6% year over year to $977.66 million.
• The company announced a quarterly dividend of $0.50 per share, equivalent to an annualized yield of about 1.0% at the reported share price.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $304.38.

Several brokerages have recently weighed in on FTAI. Jefferies Financial Group reaffirmed a "buy" rating and issued a $325.00 target price on shares of FTAI Aviation in a research report on Sunday, August 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of FTAI Aviation in a report on Friday, October 30th. Royal Bank Of Canada dropped their target price on shares of FTAI Aviation from $300.00 to $250.00 and set an "outperform" rating on the stock in a report on Wednesday, October 28th. BTIG Research dropped their target price on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Finally, Citizens Jmp began coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a "market outperform" rating and a $375.00 price target for the company.

Institutional Trading of FTAI Aviation

Hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in FTAI Aviation by 2.5% during the second quarter. State Street Corp now owns 3,083,589 shares of the financial services provider's stock valued at $834,203,000 after purchasing an additional 75,452 shares during the last quarter. Bank of America Corp DE boosted its holdings in FTAI Aviation by 8.2% during the first quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider's stock valued at $216,908,000 after acquiring an additional 67,097 shares during the period. Dimensional Fund Advisors LP boosted its stake in FTAI Aviation by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 631,212 shares of the financial services provider's stock valued at $154,515,000 after purchasing an additional 15,291 shares during the period. First Trust Advisors LP grew its stake in shares of FTAI Aviation by 5.0% in the first quarter. First Trust Advisors LP now owns 383,773 shares of the financial services provider's stock worth $94,024,000 after acquiring an additional 18,399 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in FTAI Aviation by 27.6% in the 1st quarter. Bank of New York Mellon Corp now owns 361,230 shares of the financial services provider's stock worth $88,501,000 after purchasing an additional 78,152 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Up 1.6%

FTAI opened at $191.08 on Thursday. The company has a market cap of $19.54 billion, a price-to-earnings ratio of 38.76, a PEG ratio of 0.95 and a beta of 1.55. FTAI Aviation has a one year low of $146.48 and a one year high of $323.51. The business's fifty day moving average is $177.28 and its two-hundred day moving average is $228.56. The company has a debt-to-equity ratio of 7.97, a quick ratio of 1.31 and a current ratio of 3.82.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.12. The business had revenue of $977.66 million for the quarter. FTAI Aviation had a return on equity of 132.04% and a net margin of 15.46%. The firm's revenue was up 46.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 EPS. Analysts anticipate that FTAI Aviation will post 5.37 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.0%. FTAI Aviation's payout ratio is 40.57%.

FTAI Aviation Company Profile

FTAI Aviation owns and manages a portfolio of commercial jet engines and aircraft, which it leases to airlines and other aviation customers around the world. Its business focuses on mid-life equipment, providing customers with access to engines and aircraft without requiring them to own those assets outright. The company also supports its leasing operations with maintenance, repair and overhaul services, as well as the sale and exchange of engine modules and parts. Its work is particularly focused on the CFM56 and V2500 engine families, which are widely used on commercial aircraft.

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