FTAI Aviation (NASDAQ:FTAI) Reaches New 12-Month High - Still a Buy?

Key Points

• FTAI Aviation shares reached a new 52-week high at $181.81, closing slightly lower at $181.21, with a trading volume of 753,831 shares.
• Analysts have mixed views on the stock, with price targets ranging from $160.00 to $230.00 and overall consensus rating of "Buy," reflecting positive outlook despite one downgrade to "hold."
• FTAI Aviation reported a quarterly EPS of $1.57, exceeding estimates, alongside a revenue boost of 52.4% year-over-year, despite missing revenue expectations.

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $181.81 and last traded at $181.21, with a volume of 753831 shares traded. The stock had previously closed at $178.89.

Wall Street Analysts Forecast Growth

FTAI has been the subject of a number of recent analyst reports. Citigroup restated a "buy" rating on shares of FTAI Aviation in a report on Thursday, July 10th. Zacks Research raised shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. JMP Securities lifted their price target on shares of FTAI Aviation from $180.00 to $205.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada raised their price objective on shares of FTAI Aviation from $130.00 to $160.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of FTAI Aviation from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $182.83.

FTAI Aviation Stock Up 0.9%

The firm's 50 day moving average is $144.37 and its 200-day moving average is $122.69. The firm has a market cap of $18.83 billion, a PE ratio of 45.44 and a beta of 1.65.

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

FTAI Aviation Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.7%. FTAI Aviation's dividend payout ratio (DPR) is 29.70%.

Institutional Trading of FTAI Aviation

A number of hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in FTAI Aviation by 420.9% in the first quarter. Versant Capital Management Inc now owns 224 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 181 shares during the last quarter. Virtus Advisers LLC bought a new stake in FTAI Aviation in the 1st quarter valued at $29,000. Parallel Advisors LLC increased its holdings in FTAI Aviation by 78.5% in the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider's stock valued at $35,000 after buying an additional 135 shares during the period. Rakuten Securities Inc. acquired a new stake in shares of FTAI Aviation in the 1st quarter valued at $34,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of FTAI Aviation in the 4th quarter valued at $61,000. 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.