FTAI Aviation (NASDAQ:FTAI) Share Price Breaks Above 50 Day Moving Average - Here's Why

Key Points

• FTAI Aviation shares rose 11% and moved above their 50-day moving average, trading as high as $180.87 versus a $177.21 average.
• The company reported quarterly EPS of $1.43, beating the $1.31 consensus estimate, while revenue increased 46.6% year over year to $977.66 million.
• Analysts gave the stock a “Moderate Buy” consensus rating with an average price target of $304.38; FTAI also declared a quarterly dividend of $0.50 per share.

FTAI Aviation Ltd. (NASDAQ:FTAI - Get Free Report) shares crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $177.21 and traded as high as $180.87. FTAI Aviation shares last traded at $180.27, with a volume of 3,209,878 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. BTIG Research reduced their price objective on FTAI Aviation from $400.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Citizens Jmp began coverage on FTAI Aviation in a report on Wednesday, July 15th. They issued a "market outperform" rating and a $375.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a report on Friday, July 31st. Morgan Stanley lowered their price objective on shares of FTAI Aviation from $360.00 to $310.00 and set an "overweight" rating for the company in a research note on Friday, October 16th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $325.00 target price on shares of FTAI Aviation in a report on Sunday, August 2nd. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, FTAI Aviation currently has an average rating of "Moderate Buy" and an average target price of $304.38.

FTAI Aviation Stock Up 11.0%

The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. The firm has a market cap of $18.52 billion, a P/E ratio of 36.57, a P/E/G ratio of 0.98 and a beta of 1.55. The stock's 50 day simple moving average is $177.21 and its two-hundred day simple moving average is $230.04.

FTAI Aviation (NASDAQ:FTAI - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.12. FTAI Aviation had a return on equity of 135.72% and a net margin of 15.46%. The business had revenue of $977.66 million for the quarter. During the same period in the previous year, the business earned $1.10 EPS. The firm's revenue was up 46.6% on a year-over-year basis. As a group, research analysts forecast that FTAI Aviation Ltd. will post 5.37 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, November 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. FTAI Aviation's payout ratio is 40.57%.

Institutional Trading of FTAI Aviation

A number of large investors have recently added to or reduced their stakes in the company. King Luther Capital Management Corp acquired a new position in FTAI Aviation during the third quarter valued at approximately $59,682,000. Renaissance Technologies LLC purchased a new stake in shares of FTAI Aviation during the first quarter worth $52,160,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in FTAI Aviation in the third quarter valued at about $32,018,000. National Pension Service lifted its position in FTAI Aviation by 3,066.6% during the 2nd quarter. National Pension Service now owns 185,245 shares of the financial services provider's stock worth $50,114,000 after acquiring an additional 179,395 shares during the last quarter. Finally, Weybosset Research & Management LLC bought a new position in FTAI Aviation in the third quarter valued at $20,086,000. Institutional investors own 88.96% of the company's stock.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.

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