Brokerages Set FTAI Aviation Ltd. (NASDAQ:FTAI) Price Target at $320.11

FTAI Aviation Ltd. (NASDAQ:FTAI) has received an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $320.1111.

Several equities research analysts have recently commented on FTAI shares. Jefferies Financial Group restated a “buy” rating and issued a $325.00 target price on shares of FTAI Aviation in a research note on Sunday, August 2nd. Deutsche Bank Aktiengesellschaft set a $290.00 target price on shares of FTAI Aviation in a research report on Friday, July 31st. Weiss Ratings downgraded shares of FTAI Aviation from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Zacks Research lowered shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Citizens Jmp assumed coverage on shares of FTAI Aviation in a research note on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective on the stock.

FTAI Aviation Price Performance

FTAI Aviation stock opened at $190.10 on Friday. 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 company has a market capitalization of $19.53 billion, a PE ratio of 41.33, a price-to-earnings-growth ratio of 0.97 and a beta of 1.51. FTAI Aviation has a one year low of $147.98 and a one year high of $323.51. The business has a 50 day simple moving average of $221.60 and a 200 day simple moving average of $244.10.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.13 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.19). FTAI Aviation had a net margin of 15.94% and a return on equity of 139.59%. The company had revenue of $953.09 million during the quarter. During the same quarter last year, the company posted $1.57 earnings per share. FTAI Aviation’s quarterly revenue was up 40.9% compared to the same quarter last year. On average, sell-side analysts forecast that FTAI Aviation will post 5.48 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Wednesday, August 12th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, August 12th. FTAI Aviation’s payout ratio is presently 43.48%.

Insider Buying and Selling

In other FTAI Aviation news, President David Moreno purchased 2,475 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $201.27 per share, for a total transaction of $498,143.25. Following the transaction, the president directly owned 199,490 shares in the company, valued at approximately $40,151,352.30. The trade was a 1.26% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors have recently bought and sold shares of FTAI. California State Teachers Retirement System grew its holdings in shares of FTAI Aviation by 33,634.6% during the second quarter. California State Teachers Retirement System now owns 40,055,754 shares of the financial services provider’s stock worth $10,836,283,000 after purchasing an additional 39,937,016 shares during the last quarter. Capital World Investors raised its holdings in shares of FTAI Aviation by 41.1% in the fourth quarter. Capital World Investors now owns 8,916,830 shares of the financial services provider’s stock valued at $1,755,290,000 after buying an additional 2,596,265 shares during the last quarter. Norges Bank acquired a new position in FTAI Aviation during the 4th quarter worth about $262,393,000. Northern Right Capital Management L.P. lifted its position in FTAI Aviation by 884.1% during the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock worth $101,888,000 after buying an additional 795,675 shares in the last quarter. Finally, Rubric Capital Management LP lifted its position in FTAI Aviation by 28.3% during the 2nd quarter. Rubric Capital Management LP now owns 3,394,080 shares of the financial services provider’s stock worth $390,455,000 after buying an additional 749,080 shares in the last quarter. Institutional investors own 88.96% of the company’s stock.

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.