FTAI Aviation (NASDAQ:FTAI) Upgraded at Wall Street Zen

Key Points

• FTAI Aviation has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, reflecting positive market sentiment.
• The company reported $1.57 earnings per share for the last quarter, surpassing analyst expectations and demonstrating significant year-over-year revenue growth of 52.4%.
• Currently, FTAI Aviation has a consensus rating of "Buy" from analysts, with a consensus price target of $174.33.

Wall Street Zen upgraded shares of FTAI Aviation (NASDAQ:FTAI - Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other analysts have also weighed in on the company. Citizens Jmp upgraded FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Royal Bank Of Canada raised their target price on FTAI Aviation from $130.00 to $160.00 and gave the company an "outperform" rating in a research note on Thursday. Citigroup restated a "buy" rating on shares of FTAI Aviation in a research note on Thursday, July 10th. 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 research note on Friday, May 2nd. Finally, Morgan Stanley lowered their price objective on FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $174.33.

FTAI Aviation Stock Performance

Shares of NASDAQ FTAI traded up $4.15 during midday trading on Friday, reaching $141.47. 1,163,253 shares of the company traded hands, compared to its average volume of 2,380,674. The firm has a market cap of $14.51 billion, a PE ratio of 35.02 and a beta of 1.61. The stock's 50-day simple moving average is $120.00 and its 200-day simple moving average is $112.40. FTAI Aviation has a 12 month low of $75.06 and a 12 month high of $181.64.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.24. FTAI Aviation had a return on equity of 601.23% and a net margin of 21.31%. The company had revenue of $676.24 million during the quarter, compared to analysts' expectations of $754.75 million. During the same period last year, the business earned ($2.26) earnings per share. The business's revenue was up 52.4% on a year-over-year basis. On average, equities research analysts expect that FTAI Aviation will post 2.2 EPS for the current year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 0.8%. FTAI Aviation's dividend payout ratio is presently 29.70%.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capital International Investors increased its stake in shares of FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider's stock valued at $1,537,940,000 after buying an additional 3,034,838 shares during the period. Wellington Management Group LLP increased its stake in shares of FTAI Aviation by 159.6% in the first quarter. Wellington Management Group LLP now owns 2,347,633 shares of the financial services provider's stock valued at $260,658,000 after buying an additional 1,443,440 shares during the period. Hood River Capital Management LLC increased its stake in shares of FTAI Aviation by 8.0% in the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider's stock valued at $298,137,000 after buying an additional 153,909 shares during the period. Two Sigma Advisers LP increased its stake in shares of FTAI Aviation by 24.5% in the fourth quarter. Two Sigma Advisers LP now owns 1,305,400 shares of the financial services provider's stock valued at $188,030,000 after buying an additional 256,800 shares during the period. Finally, Northern Trust Corp increased its stake in shares of FTAI Aviation by 7.3% in the fourth quarter. Northern Trust Corp now owns 1,035,951 shares of the financial services provider's stock valued at $149,218,000 after buying an additional 70,775 shares during the period. Institutional investors and hedge funds own 88.96% of the company's stock.

About FTAI Aviation

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.