FTAI Aviation (NYSE:FTAI) PT Raised to $143.00 at Royal Bank of Canada

FTAI Aviation (NYSE:FTAI) had its target price increased by Royal Bank of Canada from $120.00 to $143.00 in a research note published on Thursday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the financial services provider’s stock.

A number of other research analysts have also issued reports on the company. Jefferies Financial Group assumed coverage on FTAI Aviation in a research report on Tuesday, June 25th. They set a buy rating and a $120.00 price objective for the company. Stifel Nicolaus upgraded shares of FTAI Aviation from a hold rating to a buy rating and upped their price target for the stock from $69.00 to $132.00 in a research report on Friday, July 26th. Benchmark lifted their price objective on shares of FTAI Aviation from $100.00 to $150.00 and gave the company a buy rating in a research report on Friday, August 16th. JMP Securities upped their target price on shares of FTAI Aviation from $90.00 to $132.00 and gave the stock a market outperform rating in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on FTAI Aviation from $120.00 to $125.00 and gave the company a buy rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $126.09.

FTAI Aviation Stock Performance

Shares of NYSE:FTAI opened at $130.39 on Thursday. The company’s fifty day moving average is $113.52 and its two-hundred day moving average is $90.93. FTAI Aviation has a 1-year low of $32.66 and a 1-year high of $132.94. The stock has a market capitalization of $13.07 billion, a price-to-earnings ratio of 59.54 and a beta of 2.04.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.14). FTAI Aviation had a positive return on equity of 180.68% and a negative net margin of 1.50%. The business had revenue of $443.59 million for the quarter, compared to analyst estimates of $361.92 million. Sell-side analysts expect that FTAI Aviation will post 2.13 EPS for the current fiscal year.

FTAI Aviation Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.20 annualized dividend and a yield of 0.92%. FTAI Aviation’s dividend payout ratio is currently 54.79%.

Institutional Investors Weigh In On FTAI Aviation

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors acquired a new stake in shares of FTAI Aviation during the 1st quarter valued at $274,052,000. CIBC Private Wealth Group LLC lifted its holdings in shares of FTAI Aviation by 90.7% during the fourth 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 during the last quarter. Norges Bank acquired a new position in shares of FTAI Aviation in the 4th quarter valued at $55,039,000. American Century Companies Inc. increased its stake in FTAI Aviation by 1,923.5% in the 2nd quarter. American Century Companies Inc. now owns 972,806 shares of the financial services provider’s stock worth $100,423,000 after purchasing an additional 924,730 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in FTAI Aviation by 1,488.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 867,963 shares of the financial services provider’s stock worth $58,415,000 after buying an additional 813,311 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

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.