FTAI Aviation (NYSE:FTAI) Given New $85.00 Price Target at JMP Securities

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

Other equities research analysts also recently issued reports about the stock. Barclays boosted their target price on shares of FTAI Aviation from $62.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, April 4th. Morgan Stanley raised their target price on FTAI Aviation from $58.00 to $70.00 and gave the company an overweight rating in a report on Tuesday, February 27th. Benchmark upped their price target on FTAI Aviation from $45.00 to $100.00 and gave the stock a buy rating in a report on Friday, March 15th. StockNews.com downgraded shares of FTAI Aviation from a hold rating to a sell rating in a report on Friday, April 12th. Finally, Stifel Nicolaus reiterated a hold rating and issued a $59.00 target price (up previously from $40.00) on shares of FTAI Aviation in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $67.17.

FTAI Aviation Price Performance

NYSE FTAI opened at $72.59 on Monday. FTAI Aviation has a one year low of $26.79 and a one year high of $74.99. The business has a 50 day simple moving average of $64.30 and a 200 day simple moving average of $51.70. The stock has a market capitalization of $7.28 billion, a P/E ratio of 32.31 and a beta of 1.90.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.06). FTAI Aviation had a net margin of 21.08% and a return on equity of 210.66%. The company had revenue of $326.70 million during the quarter, compared to the consensus estimate of $302.07 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. Equities analysts expect that FTAI Aviation will post 2.49 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, May 21st. Investors of record on Friday, May 10th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 9th. FTAI Aviation’s dividend payout ratio is 54.79%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in FTAI Aviation by 37.4% during the third quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock valued at $30,000 after buying an additional 231 shares during the period. Arizona State Retirement System grew its position in FTAI Aviation by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 28,396 shares of the financial services provider’s stock worth $1,009,000 after acquiring an additional 384 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in FTAI Aviation by 25.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,264 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 657 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of FTAI Aviation by 1.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 39,944 shares of the financial services provider’s stock valued at $2,688,000 after purchasing an additional 718 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in FTAI Aviation by 2.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,389 shares of the financial services provider’s stock valued at $2,106,000 after buying an additional 902 shares during the last quarter. 88.96% of the stock is owned by hedge funds and other institutional investors.

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.