Analysts Set FTAI Aviation Ltd. (NASDAQ:FTAI) Target Price at $171.83

Key Points

• FTAI Aviation Ltd. has received a consensus recommendation of “Buy” from thirteen brokerages, with an average target price of $171.83.
• Insider purchases show confidence, as COO David Moreno acquired 6,580 shares at $94.85 per share, increasing their stake by 2.92%.
• The company declared a quarterly dividend of $0.30 per share, yielding approximately 1.02%, with a high payout ratio of 571.43%.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) has earned a consensus recommendation of "Buy" from the thirteen brokerages that are covering the company, MarketBeat reports. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $171.83.

A number of research analysts recently commented on the stock. Barclays dropped their target price on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Wall Street Zen raised shares of FTAI Aviation to a "sell" rating in a research report on Wednesday, April 23rd. Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. JMP Securities lowered their price objective on shares of FTAI Aviation from $190.00 to $180.00 and set a "market outperform" rating on the stock in a research report on Thursday, May 8th. Finally, Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price objective on the stock in a research report on Friday, May 2nd.

Insider Buying and Selling at FTAI Aviation

In other FTAI Aviation news, insider Stacy Kuperus purchased 1,087 shares of the company's stock in a transaction on Friday, May 2nd. The shares were purchased at an average cost of $92.90 per share, with a total value of $100,982.30. Following the completion of the purchase, the insider owned 88,423 shares in the company, valued at $8,214,496.70. This represents a 1.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO David Moreno bought 6,580 shares of the stock in a transaction dated Friday, May 2nd. The shares were purchased at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the completion of the transaction, the chief operating officer directly owned 231,623 shares of the company's stock, valued at $21,969,441.55. This trade represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 10,667 shares of company stock valued at $1,008,715 in the last quarter. 1.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its holdings in shares of FTAI Aviation by 420.9% during the 1st quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after buying an additional 181 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in FTAI Aviation in the 4th quarter worth approximately $26,000. Transce3nd LLC bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $29,000. Virtus Advisers LLC bought a new stake in shares of FTAI Aviation in the 1st quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of FTAI Aviation in the 4th quarter worth approximately $30,000. Institutional investors own 88.96% of the company's stock.

FTAI Aviation Stock Performance

Shares of FTAI stock traded up $7.26 on Friday, reaching $117.18. 1,356,790 shares of the company were exchanged, compared to its average volume of 2,128,503. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 558.00 and a beta of 1.62. The business has a 50-day moving average price of $118.72 and a 200 day moving average price of $113.73. FTAI Aviation has a 1 year low of $75.06 and a 1 year high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.08). FTAI Aviation had a net margin of 3.74% and a return on equity of 438.32%. The business's quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. As a group, equities analysts anticipate that FTAI Aviation will post 2.2 earnings per share for the current year.

FTAI Aviation Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, May 16th. FTAI Aviation's payout ratio is presently 571.43%.

FTAI Aviation Company Profile

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.