JMP Securities Raises FTAI Aviation (NYSE:FTAI) Price Target to $85.00

FTAI Aviation (NYSE:FTAI) had its target price lifted by JMP Securities from $66.00 to $85.00 in a research note issued to investors on Monday morning, Benzinga reports. The brokerage currently has a market outperform rating on the financial services provider’s stock.

Several other analysts also recently weighed in on FTAI. Stifel Nicolaus restated a hold rating and set a $59.00 target price (up previously from $40.00) on shares of FTAI Aviation in a research note on Monday, February 26th. Morgan Stanley raised their price objective 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 upped their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Benchmark raised their price target on shares of FTAI Aviation from $45.00 to $100.00 and gave the stock a buy rating in a research report on Friday, March 15th. Finally, StockNews.com lowered shares of FTAI Aviation from a hold rating to a sell rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of Moderate Buy and an average target price of $67.17.

FTAI Aviation Stock Up 4.3 %

NYSE:FTAI opened at $73.20 on Monday. The company’s 50 day moving average is $64.64 and its 200-day moving average is $51.96. FTAI Aviation has a 12 month low of $26.79 and a 12 month high of $74.99. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of 33.42 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The firm had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. During the same quarter last year, the business earned $0.22 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. Research analysts predict that FTAI Aviation will post 2.49 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Friday, May 10th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.64%. FTAI Aviation’s payout ratio is presently 54.79%.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently made changes to their positions in the company. FMR LLC increased its holdings in shares of FTAI Aviation by 179.7% during the third quarter. FMR LLC now owns 6,216,983 shares of the financial services provider’s stock worth $221,014,000 after buying an additional 3,994,578 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in FTAI Aviation by 90.7% during 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. Norges Bank bought a new position in FTAI Aviation in the 4th quarter valued at $55,039,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in FTAI Aviation by 36.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,736,600 shares of the financial services provider’s stock worth $97,286,000 after purchasing an additional 736,400 shares in the last quarter. Finally, Pingora Partners LLC bought a new stake in shares of FTAI Aviation during the fourth quarter worth $29,147,000. Institutional investors and hedge funds 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.