FTAI Aviation (NASDAQ:FTAI) Trading Up 7.3% Following Analyst Upgrade

Key Points

• FTAI Aviation shares rose about 7.3% after BTIG raised its price target to $340 and kept a buy rating; the stock traded as high as $239 with midday volume of 499,079 (roughly 74% below average).
• Analyst consensus is bullish—ten analysts rate the stock Buy and two rate it Hold, giving an average price target of $292.78 and an overall rating of “Moderate Buy”, with Barclays and Jefferies each setting $350 targets.
• Q4 results showed EPS $1.08 (missed $1.22 est.) on revenue of $662.0M (+32.7% YoY); the company has a market cap of $24.51B, a P/E of 51.73, and announced a quarterly dividend of $0.40 (annualized $1.60, ~0.7% yield).

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report)'s share price traded up 7.3% on Monday after BTIG Research raised their price target on the stock from $335.00 to $340.00. BTIG Research currently has a buy rating on the stock. FTAI Aviation traded as high as $239.00 and last traded at $238.49. 499,079 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 1,883,726 shares. The stock had previously closed at $222.24.

A number of other equities research analysts also recently commented on FTAI. Citigroup reissued an "outperform" rating on shares of FTAI Aviation in a report on Thursday, January 29th. Barclays increased their price target on shares of FTAI Aviation from $260.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, February 27th. Wolfe Research reissued an "outperform" rating and set a $225.00 price objective on shares of FTAI Aviation in a report on Wednesday, December 31st. Zacks Research upgraded shares of FTAI Aviation from a "strong sell" rating to a "hold" rating in a research report on Friday, January 9th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $350.00 target price on shares of FTAI Aviation in a report on Monday, February 9th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and an average price target of $292.78.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC purchased a new stake in FTAI Aviation in the 4th quarter valued at approximately $30,000. Mather Group LLC. purchased a new position in FTAI Aviation during the third quarter worth $28,000. Greenline Wealth Management LLC acquired a new position in shares of FTAI Aviation in the fourth quarter worth $50,000. First Horizon Corp lifted its position in shares of FTAI Aviation by 131.9% in the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider's stock valued at $63,000 after acquiring an additional 182 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider's stock valued at $57,000 after acquiring an additional 308 shares in the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Trading Up 7.5%

The firm has a market cap of $24.51 billion, a price-to-earnings ratio of 51.73, a price-to-earnings-growth ratio of 0.90 and a beta of 1.50. The business has a 50 day moving average of $272.50 and a 200 day moving average of $206.20. The company has a quick ratio of 2.30, a current ratio of 5.28 and a debt-to-equity ratio of 10.32.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last announced its earnings results on Wednesday, February 25th. The financial services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). FTAI Aviation had a net margin of 19.98% and a return on equity of 257.07%. The firm had revenue of $662.03 million during the quarter, compared to analyst estimates of $710.37 million. During the same period in the previous year, the firm posted $0.84 EPS. The company's revenue for the quarter was up 32.7% compared to the same quarter last year. On average, research analysts forecast that FTAI Aviation Ltd. will post 2.2 earnings per share for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 13th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.7%. FTAI Aviation's dividend payout ratio is presently 34.63%.

FTAI Aviation Company Profile

FTAI Aviation NASDAQ: FTAI is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company's portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.

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