Stifel Nicolaus Raises FTAI Aviation (NYSE:FTAI) Price Target to $66.00

FTAI Aviation (NYSE:FTAI - Free Report) had its price target raised by Stifel Nicolaus from $59.00 to $66.00 in a report issued on Monday, Benzinga reports. They currently have a hold rating on the financial services provider's stock.

Several other equities research analysts have also commented on the company. Benchmark boosted their price objective on FTAI Aviation from $45.00 to $100.00 and gave the stock a buy rating in a research note on Friday, March 15th. StockNews.com downgraded FTAI Aviation from a hold rating to a sell rating in a research note on Friday, April 12th. Compass Point lifted their target price on shares of FTAI Aviation from $71.00 to $88.00 and gave the stock a buy rating in a research note on Friday. JMP Securities increased their target price on shares of FTAI Aviation from $66.00 to $85.00 and gave the company a market outperform rating in a research report on Monday. Finally, Morgan Stanley raised their price target on shares of FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $67.17.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock traded up $1.84 on Monday, hitting $72.59. The company's stock had a trading volume of 1,051,516 shares, compared to its average volume of 874,112. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 33.15 and a beta of 1.90. FTAI Aviation has a 1 year low of $26.79 and a 1 year high of $74.99. The firm has a fifty day moving average price of $64.30 and a 200-day moving average price of $51.70.

FTAI Aviation (NYSE:FTAI - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 210.66%. The business had revenue of $326.70 million during the quarter, compared to analysts' expectations of $302.07 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm's quarterly revenue was up 11.6% compared to the same quarter last year. As a group, analysts forecast that FTAI Aviation will post 2.49 EPS for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 9th. FTAI Aviation's dividend payout ratio (DPR) is 54.79%.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its position in shares of FTAI Aviation by 179.7% during the 3rd quarter. FMR LLC now owns 6,216,983 shares of the financial services provider's stock worth $221,014,000 after purchasing an additional 3,994,578 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of FTAI Aviation by 90.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider's stock worth $132,643,000 after buying an additional 1,359,302 shares during the period. Norges Bank acquired a new stake in shares of FTAI Aviation in the fourth quarter valued at $55,039,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of FTAI Aviation by 36.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider's stock valued at $97,286,000 after buying an additional 736,400 shares during the period. Finally, Pingora Partners LLC purchased a new stake in shares of FTAI Aviation in the 4th quarter valued at $29,147,000. Institutional investors and hedge funds own 88.96% of the company's stock.

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.