FTAI Aviation Ltd. (NASDAQ:FTAI) Receives Consensus Recommendation of "Buy" from Analysts

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) have received a consensus recommendation of "Buy" from the fourteen analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $191.7273.

FTAI has been the topic of a number of research analyst reports. Weiss Ratings restated a "buy (b-)" rating on shares of FTAI Aviation in a report on Saturday, September 27th. Barclays increased their price target on FTAI Aviation from $150.00 to $195.00 and gave the stock an "overweight" rating in a report on Thursday, October 2nd. Morgan Stanley increased their price target on FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. JMP Securities increased their price target on FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. Finally, Zacks Research upgraded FTAI Aviation from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th.

FTAI Aviation Price Performance

Shares of FTAI stock opened at $170.87 on Wednesday. The business's 50 day simple moving average is $157.00 and its 200 day simple moving average is $127.65. FTAI Aviation has a one year low of $75.06 and a one year high of $184.44. The stock has a market capitalization of $17.53 billion, a PE ratio of 42.29 and a beta of 1.70.

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

FTAI Aviation Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio is presently 29.70%.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors have recently modified their holdings of FTAI. GAMMA Investing LLC raised its position in shares of FTAI Aviation by 24,780.1% during the first quarter. GAMMA Investing LLC now owns 47,521 shares of the financial services provider's stock worth $5,276,000 after purchasing an additional 47,330 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of FTAI Aviation by 27.3% during the first quarter. Harbor Capital Advisors Inc. now owns 147,753 shares of the financial services provider's stock worth $16,405,000 after purchasing an additional 31,694 shares during the period. Handelsbanken Fonder AB raised its position in shares of FTAI Aviation by 6.2% during the first quarter. Handelsbanken Fonder AB now owns 29,300 shares of the financial services provider's stock worth $3,253,000 after purchasing an additional 1,700 shares during the period. Fortitude Advisory Group L.L.C. purchased a new stake in FTAI Aviation in the 1st quarter valued at $1,044,000. Finally, Inscription Capital LLC purchased a new stake in FTAI Aviation in the 1st quarter valued at $1,110,000. 88.96% of the stock is owned by institutional investors and hedge funds.

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.

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