Compass Point Raises FTAI Aviation (NYSE:FTAI) Price Target to $46.00

FTAI Aviation (NYSE:FTAI) had its price target boosted by Compass Point from $36.00 to $46.00 in a research report report published on Thursday morning, MarketBeat.com reports. They currently have a buy rating on the financial services provider’s stock.

A number of other brokerages also recently weighed in on FTAI. StockNews.com assumed coverage on shares of FTAI Aviation in a research report on Thursday, August 17th. They set a hold rating for the company. Barclays boosted their target price on shares of FTAI Aviation from $32.00 to $38.00 in a research note on Tuesday, July 18th. Raymond James boosted their target price on shares of FTAI Aviation from $31.00 to $37.50 and gave the company an outperform rating in a research note on Friday, July 28th. Wolfe Research raised shares of FTAI Aviation from a peer perform rating to an outperform rating and set a $38.00 target price for the company in a research note on Friday, June 30th. Finally, JMP Securities boosted their target price on shares of FTAI Aviation from $36.00 to $40.00 and gave the company an outperform rating in a research note on Friday, July 28th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $38.69.

FTAI Aviation Stock Down 0.6 %

Shares of NYSE:FTAI opened at $36.09 on Thursday. FTAI Aviation has a fifty-two week low of $14.29 and a fifty-two week high of $37.98. The firm has a 50-day simple moving average of $34.58 and a 200 day simple moving average of $30.10. The company has a market cap of $3.60 billion, a PE ratio of 55.52 and a beta of 1.86.

FTAI Aviation (NYSE:FTAI) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18. FTAI Aviation had a net margin of 8.85% and a return on equity of 25.36%. The business had revenue of $274.35 million during the quarter, compared to the consensus estimate of $286.83 million. During the same quarter in the prior year, the firm earned $0.22 EPS. The company’s revenue for the quarter was up 144.8% compared to the same quarter last year. As a group, research analysts forecast that FTAI Aviation will post 1.47 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Monday, August 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Friday, August 11th. FTAI Aviation’s dividend payout ratio is currently 184.62%.

Institutional Trading of FTAI Aviation

A number of institutional investors have recently made changes to their positions in the stock. Citigroup Inc. lifted its stake in FTAI Aviation by 221.0% during the first quarter. Citigroup Inc. now owns 28,196 shares of the financial services provider’s stock valued at $726,000 after purchasing an additional 19,413 shares during the last quarter. BlackRock Inc. acquired a new stake in FTAI Aviation during the first quarter valued at approximately $96,000. Spring Creek Capital LLC lifted its stake in FTAI Aviation by 2.7% during the first quarter. Spring Creek Capital LLC now owns 446,322 shares of the financial services provider’s stock valued at $11,493,000 after purchasing an additional 11,856 shares during the last quarter. Cruiser Capital Advisors LLC lifted its stake in FTAI Aviation by 8.0% during the first quarter. Cruiser Capital Advisors LLC now owns 251,016 shares of the financial services provider’s stock valued at $6,464,000 after purchasing an additional 18,628 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in FTAI Aviation by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 64,340 shares of the financial services provider’s stock valued at $1,657,000 after purchasing an additional 722 shares during the last quarter. 90.95% of the stock is owned by institutional investors and hedge funds.

FTAI Aviation Company Profile

FTAI Aviation Ltd. owns and acquires infrastructure and related 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.