FTAI Aviation Ltd. (NYSE:FTAI) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of FTAI Aviation Ltd. (NYSE:FTAI - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $54.25.

A number of analysts recently weighed in on the company. Barclays boosted their target price on FTAI Aviation from $62.00 to $80.00 and gave the stock an "overweight" rating in a research report on Thursday. StockNews.com downgraded FTAI Aviation from a "hold" rating to a "sell" rating in a research report on Wednesday. Morgan Stanley boosted their target price on FTAI Aviation from $58.00 to $70.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 27th. Benchmark boosted their target price on FTAI Aviation from $45.00 to $100.00 and gave the stock a "buy" rating in a research report on Friday, March 15th. Finally, Stifel Nicolaus restated a "hold" rating and issued a $59.00 target price (up previously from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th.

FTAI Aviation Trading Up 3.8 %

Shares of NYSE FTAI traded up $2.68 during midday trading on Friday, hitting $72.72. 1,060,667 shares of the company's stock were exchanged, compared to its average volume of 944,118. FTAI Aviation has a 12-month low of $26.07 and a 12-month high of $73.54. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 34.63 and a beta of 1.90. The business's fifty day moving average price is $58.87 and its two-hundred day moving average price is $47.50.

FTAI Aviation (NYSE:FTAI - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.37 by $0.72. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The company had revenue of $312.74 million during the quarter, compared to analyst estimates of $310.04 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. FTAI Aviation's revenue was up 14.0% on a year-over-year basis. Equities analysts expect that FTAI Aviation will post 2.43 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Friday, March 8th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.65%. FTAI Aviation's dividend payout ratio is presently 57.14%.

Hedge Funds Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently made changes to their positions in FTAI. Public Employees Retirement System of Ohio grew its stake in FTAI Aviation by 37.4% in the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider's stock worth $30,000 after purchasing an additional 231 shares during the period. CWM LLC purchased a new stake in FTAI Aviation in the fourth quarter worth $43,000. Tucker Asset Management LLC purchased a new stake in FTAI Aviation in the second quarter worth $51,000. KBC Group NV purchased a new stake in FTAI Aviation in the fourth quarter worth $71,000. Finally, Operose Advisors LLC purchased a new stake in FTAI Aviation in the third quarter worth $75,000. Institutional investors 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.