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

Key Points

• FTAI Aviation Ltd. has received an average recommendation of "Buy" from fourteen ratings firms, with twelve analysts rating the stock as a buy and one as a strong buy.
• JMP Securities has increased its price target on FTAI Aviation from $180.00 to $205.00, while BTIG Research raised their target from $190.00 to $230.00.
• The company reported earnings of $1.57 per share for the last quarter, exceeding expectations, with a year-over-year revenue increase of 52.4%.

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) have been given an average recommendation of "Buy" by the fourteen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $182.8333.

Several equities analysts have weighed in on the company. JMP Securities increased their target price on FTAI Aviation from $180.00 to $205.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada increased their price target on FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. BTIG Research increased their price target on FTAI Aviation from $190.00 to $230.00 and gave the stock a "buy" rating in a report on Monday, August 25th. Wall Street Zen downgraded FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th.

FTAI Aviation Trading Up 1.1%

NASDAQ:FTAI opened at $171.66 on Friday. FTAI Aviation has a 1-year low of $75.06 and a 1-year high of $181.64. The business's 50-day moving average price is $136.58 and its two-hundred day moving average price is $120.30. The firm has a market capitalization of $17.61 billion, a price-to-earnings ratio of 42.49 and a beta of 1.65.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last released its earnings results on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.24. FTAI Aviation had a return on equity of 465.13% and a net margin of 21.31%.The firm had revenue of $676.24 million for the quarter, compared to analyst estimates of $754.75 million. During the same quarter in the prior year, the firm posted ($2.26) earnings per share. The company's quarterly revenue was up 52.4% on a year-over-year basis. Sell-side analysts predict that FTAI Aviation will post 2.2 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, August 12th. FTAI Aviation's dividend payout ratio is 29.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FTAI. Wellington Management Group LLP grew its holdings in shares of FTAI Aviation by 159.6% during the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock worth $260,658,000 after buying an additional 1,443,440 shares in the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of FTAI Aviation by 67.4% during the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider's stock worth $353,839,000 after buying an additional 1,238,294 shares in the last quarter. Norges Bank bought a new position in shares of FTAI Aviation during the second quarter worth about $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of FTAI Aviation by 1,678.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider's stock worth $131,208,000 after buying an additional 1,076,416 shares in the last quarter. Finally, Northern Right Capital Management L.P. grew its holdings in shares of FTAI Aviation by 884.1% during the second quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider's stock worth $101,888,000 after buying an additional 795,675 shares in the last quarter. 88.96% of the stock is currently owned by institutional investors.

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.

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