Royal Bank Of Canada Issues Positive Forecast for FTAI Aviation (NASDAQ:FTAI) Stock Price

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FTAI Aviation (NASDAQ:FTAI - Free Report) had its price target hoisted by Royal Bank Of Canada from $130.00 to $160.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider's stock.

Several other equities analysts also recently issued reports on the company. Barclays reduced their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Citigroup reiterated a "buy" rating on shares of FTAI Aviation in a research report on Thursday, July 10th. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research report on Thursday, May 8th. Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 target price for the company in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded FTAI Aviation to a "sell" rating in a report on Wednesday, April 23rd. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $174.33.

FTAI Aviation Stock Down 0.2%

Shares of NASDAQ:FTAI traded down $0.29 during trading on Thursday, hitting $137.32. 1,888,553 shares of the company traded hands, compared to its average volume of 1,557,889. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 33.99 and a beta of 1.61. The business's fifty day moving average is $120.00 and its 200-day moving average is $112.48. FTAI Aviation has a one year low of $75.06 and a one year high of $181.64.

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, beating the consensus estimate of $1.33 by $0.24. The company had revenue of $676.24 million during the quarter, compared to analyst estimates of $754.75 million. FTAI Aviation had a return on equity of 601.23% and a net margin of 21.31%. The business's revenue was up 52.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.26) earnings per share. On average, analysts forecast that FTAI Aviation will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Tuesday, August 12th. FTAI Aviation's dividend payout ratio is 29.70%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently bought and sold shares of FTAI. Versant Capital Management Inc boosted its holdings in FTAI Aviation by 420.9% during 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 period. Virtus Fund Advisers LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth approximately $26,000. Transce3nd LLC acquired a new stake in shares of FTAI Aviation during the fourth quarter worth approximately $29,000. Virtus Advisers LLC bought a new position in FTAI Aviation in the 1st quarter valued at $29,000. Finally, Kapitalo Investimentos Ltda bought a new position in FTAI Aviation in the 4th quarter valued at $30,000. 88.96% of the stock is currently owned by 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.