FTAI Aviation Ltd. (NASDAQ:FTAI) Receives Average Rating of “Moderate Buy” from Brokerages

FTAI Aviation Ltd. (NASDAQ:FTAI) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $226.8750.

A number of equities analysts have recently commented on the stock. Barclays increased their price target on shares of FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. BTIG Research reiterated a “buy” rating and issued a $230.00 target price on shares of FTAI Aviation in a research report on Tuesday, December 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Zacks Research raised FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Jones Trading assumed coverage on FTAI Aviation in a report on Friday, October 10th. They issued a “buy” rating and a $306.00 price objective for the company.

Insider Activity at FTAI Aviation

In other FTAI Aviation news, COO David Moreno acquired 4,354 shares of the stock in a transaction dated Thursday, November 13th. The stock was purchased at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the acquisition, the chief operating officer owned 4,354 shares in the company, valued at $670,037.06. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Institutional Trading of FTAI Aviation

Several hedge funds have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in shares of FTAI Aviation during the third quarter valued at about $28,000. Parallel Advisors LLC grew its position in FTAI Aviation by 78.5% during the 2nd quarter. Parallel Advisors LLC now owns 307 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Global Retirement Partners LLC grew its position in FTAI Aviation by 880.0% during the 3rd quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 308 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in FTAI Aviation in the 2nd quarter worth approximately $60,000. Finally, Assetmark Inc. lifted its position in FTAI Aviation by 15.8% in the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 87 shares during the last quarter. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Stock Up 2.4%

Shares of NASDAQ FTAI opened at $280.24 on Friday. The stock’s 50-day simple moving average is $191.26 and its two-hundred day simple moving average is $166.23. FTAI Aviation has a twelve month low of $75.06 and a twelve month high of $281.12. The firm has a market capitalization of $28.74 billion, a P/E ratio of 63.98 and a beta of 1.54.

FTAI Aviation (NASDAQ:FTAI) last issued its quarterly earnings data on Monday, October 27th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.09). The business had revenue of $667.06 million for the quarter, compared to analysts’ expectations of $662.51 million. FTAI Aviation had a return on equity of 370.51% and a net margin of 20.82%.The firm’s revenue for the quarter was up 43.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. As a group, research analysts anticipate that FTAI Aviation will post 2.2 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, November 10th. FTAI Aviation’s dividend payout ratio (DPR) is presently 31.96%.

About FTAI Aviation

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.