FTAI Aviation Ltd. (NASDAQ:FTAI) Receives $326.88 Average Price Target from Analysts

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $326.8750.

A number of research firms have recently weighed in on FTAI. Weiss Ratings upgraded shares of FTAI Aviation from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, May 13th. BTIG Research upped their price target on shares of FTAI Aviation from $335.00 to $340.00 and gave the company a “buy” rating in a report on Friday, March 13th. Citigroup reiterated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Zacks Research downgraded shares of FTAI Aviation from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $400.00 price target on shares of FTAI Aviation in a research report on Sunday, May 3rd.

Insider Buying and Selling at FTAI Aviation

In other news, Director Martin Tuchman sold 67,500 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $241.99, for a total value of $16,334,325.00. Following the completion of the sale, the director owned 210,491 shares of the company’s stock, valued at approximately $50,936,717.09. This represents a 24.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 254,260 shares of company stock valued at $61,534,703. 1.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FTAI Aviation

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of FTAI Aviation by 8.2% in the first quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock worth $216,908,000 after acquiring an additional 67,097 shares during the period. Edgestream Partners L.P. purchased a new position in shares of FTAI Aviation in the 1st quarter valued at about $4,618,000. Strategic Investment Advisors MI purchased a new position in shares of FTAI Aviation in the 1st quarter valued at about $107,000. Sunbelt Securities Inc. increased its stake in shares of FTAI Aviation by 10,250.0% in the 1st quarter. Sunbelt Securities Inc. now owns 414 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 410 shares in the last quarter. Finally, Amundi increased its stake in shares of FTAI Aviation by 1,411.0% in the 1st quarter. Amundi now owns 105,319 shares of the financial services provider’s stock valued at $25,803,000 after purchasing an additional 98,349 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $250.33 on Thursday. The company’s 50-day moving average price is $247.40 and its 200-day moving average price is $234.11. FTAI Aviation has a twelve month low of $108.47 and a twelve month high of $323.51. The company has a quick ratio of 2.48, a current ratio of 5.24 and a debt-to-equity ratio of 8.00. The company has a market cap of $25.68 billion, a PE ratio of 49.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.49.

FTAI Aviation (NASDAQ:FTAI) last posted its earnings results on Wednesday, April 29th. The financial services provider reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.32). FTAI Aviation had a return on equity of 181.43% and a net margin of 18.92%.The business had revenue of $830.70 million during the quarter. During the same quarter in the previous year, the business posted $0.87 EPS. The firm’s revenue was up 65.4% on a year-over-year basis. On average, equities research analysts forecast that FTAI Aviation will post 6.77 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Wednesday, May 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, May 13th. FTAI Aviation’s dividend payout ratio is presently 31.75%.

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.