FTAI Aviation (NASDAQ:FTAI) Upgraded to "Hold" at Zacks Research

Key Points

• FTAI Aviation has been upgraded by Zacks Research from a "strong sell" to a "hold" rating, reflecting improved analyst sentiment.
• Over the past few months, several analysts have given FTAI Aviation varying ratings, with one analyst issuing a "Strong Buy" rating, while the consensus price target stands at $179.50.
• In its latest earnings report, FTAI Aviation reported an EPS of $1.57, which was above the consensus estimate, and saw a year-over-year revenue increase of 52.4% despite falling short of analyst expectations for total revenue.

Zacks Research upgraded shares of FTAI Aviation (NASDAQ:FTAI - Free Report) from a strong sell rating to a hold rating in a research report released on Wednesday, August 20th,Zacks.com reports.

FTAI has been the topic of several other research reports. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Morgan Stanley increased their price target on shares of FTAI Aviation from $138.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, August 20th. Stifel Nicolaus raised shares of FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a research report on Friday, May 2nd. Barclays reduced their price objective on shares of FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen raised shares of FTAI Aviation from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $182.83.

FTAI Aviation Stock Performance

FTAI traded down $0.36 during midday trading on Wednesday, reaching $148.83. 356,138 shares of the company were exchanged, compared to its average volume of 2,237,323. The stock has a market capitalization of $15.27 billion, a P/E ratio of 36.84 and a beta of 1.61. FTAI Aviation has a one year low of $75.06 and a one year high of $181.64. The stock's 50-day simple moving average is $127.13 and its 200 day simple moving average is $116.98.

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

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, August 12th. FTAI Aviation's dividend payout ratio is presently 29.70%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently made changes to their positions in FTAI. Assetmark Inc. grew its holdings in FTAI Aviation by 15.8% in the 2nd quarter. Assetmark Inc. now owns 638 shares of the financial services provider's stock valued at $73,000 after buying an additional 87 shares during the last quarter. K.J. Harrison & Partners Inc increased its holdings in FTAI Aviation by 0.3% in the second quarter. K.J. Harrison & Partners Inc now owns 29,200 shares of the financial services provider's stock valued at $3,359,000 after purchasing an additional 100 shares during the last quarter. Amalgamated Bank increased its holdings in shares of FTAI Aviation by 3.5% in the first quarter. Amalgamated Bank now owns 3,518 shares of the financial services provider's stock worth $391,000 after acquiring an additional 120 shares in the last quarter. Scotia Capital Inc. increased its holdings in shares of FTAI Aviation by 0.5% in the first quarter. Scotia Capital Inc. now owns 25,428 shares of the financial services provider's stock worth $2,823,000 after acquiring an additional 122 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of FTAI Aviation by 78.5% during the second quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock worth $35,000 after buying an additional 135 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.