FTAI Aviation (NYSE:FTAI) Downgraded to “Sell” at StockNews.com

StockNews.com cut shares of FTAI Aviation (NYSE:FTAIFree Report) from a hold rating to a sell rating in a report published on Wednesday morning.

A number of other research analysts have also weighed in on FTAI. Morgan Stanley boosted their target price on FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a report on Tuesday, February 27th. Barclays boosted their price target on FTAI Aviation from $52.00 to $62.00 and gave the company an overweight rating in a research note on Tuesday, February 27th. Stifel Nicolaus restated a hold rating and issued a $59.00 price target (up from $40.00) on shares of FTAI Aviation in a research note on Monday, February 26th. Finally, Benchmark boosted their price target on FTAI Aviation from $45.00 to $100.00 and gave the company a buy rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $52.45.

Check Out Our Latest Stock Report on FTAI

FTAI Aviation Stock Up 4.3 %

NYSE:FTAI opened at $70.15 on Wednesday. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 33.40 and a beta of 1.90. FTAI Aviation has a twelve month low of $26.07 and a twelve month high of $70.18. The stock’s 50 day moving average price is $58.09 and its two-hundred day moving average price is $47.00.

FTAI Aviation (NYSE:FTAIGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.72. The firm had revenue of $312.74 million for the quarter, compared to analyst estimates of $310.04 million. FTAI Aviation had a return on equity of 223.80% and a net margin of 20.82%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. As a group, analysts anticipate that FTAI Aviation will post 2.43 earnings per share for the current year.

FTAI Aviation Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Friday, March 8th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. FTAI Aviation’s dividend payout ratio (DPR) is currently 57.14%.

Hedge Funds Weigh In On FTAI Aviation

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its holdings in shares of FTAI Aviation by 37.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 848 shares of the financial services provider’s stock worth $30,000 after buying an additional 231 shares in the last quarter. CWM LLC acquired a new position in FTAI Aviation in the 4th quarter worth about $43,000. KBC Group NV acquired a new position in FTAI Aviation in the 4th quarter worth about $71,000. USA Financial Formulas increased its holdings in FTAI Aviation by 1,684.6% in the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 1,533 shares in the last quarter. Finally, Tucker Asset Management LLC acquired a new position in FTAI Aviation in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

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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.

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Analyst Recommendations for FTAI Aviation (NYSE:FTAI)

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