FTAI Aviation (NYSE:FTAI) Given New $100.00 Price Target at Benchmark

FTAI Aviation (NYSE:FTAI) had its price objective upped by Benchmark from $45.00 to $100.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

FTAI has been the topic of several other reports. Morgan Stanley upped their target price 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. Barclays increased their price objective on shares of FTAI Aviation from $52.00 to $62.00 and gave the company an overweight rating in a research report on Tuesday, February 27th. Stifel Nicolaus reissued a hold rating and issued a $59.00 price objective (up from $40.00) on shares of FTAI Aviation in a research report on Monday, February 26th. Finally, StockNews.com downgraded shares of FTAI Aviation from a hold rating to a sell rating in a research report on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $52.45.

FTAI Aviation Stock Performance

Shares of FTAI Aviation stock traded down $0.66 on Friday, reaching $59.38. The company had a trading volume of 885,597 shares, compared to its average volume of 783,743. FTAI Aviation has a 52-week low of $23.24 and a 52-week high of $61.09. The firm’s 50 day moving average price is $53.75 and its two-hundred day moving average price is $44.43. The firm has a market cap of $5.95 billion, a PE ratio of 28.55 and a beta of 1.89.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.72. FTAI Aviation had a net margin of 20.82% and a return on equity of 223.80%. The firm had revenue of $312.74 million for the quarter, compared to the consensus estimate of $310.04 million. During the same period in the prior year, the firm earned $0.20 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, sell-side analysts predict that FTAI Aviation will post 2.43 EPS for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 8th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, March 7th. FTAI Aviation’s dividend payout ratio is currently 57.14%.

Institutional Trading of FTAI Aviation

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in shares of FTAI Aviation by 291.1% in the 2nd quarter. BlackRock Inc. now owns 6,706,655 shares of the financial services provider’s stock worth $212,333,000 after acquiring an additional 4,991,674 shares during the period. FMR LLC lifted its stake in shares of FTAI Aviation by 179.7% in the 3rd quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock worth $221,014,000 after acquiring an additional 3,994,578 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of FTAI Aviation by 131.9% in the 1st quarter. Ameriprise Financial Inc. now owns 2,627,978 shares of the financial services provider’s stock worth $73,478,000 after acquiring an additional 1,494,515 shares during the period. State Street Corp increased its holdings in shares of FTAI Aviation by 307.0% in the 2nd quarter. State Street Corp now owns 1,915,031 shares of the financial services provider’s stock valued at $60,630,000 after purchasing an additional 1,444,455 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of FTAI Aviation by 90.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,858,682 shares of the financial services provider’s stock valued at $132,643,000 after purchasing an additional 1,359,302 shares in the last quarter. Institutional investors and hedge funds own 90.95% 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.