FTAI Aviation (NYSE:FTAI) Upgraded to “Sell” by StockNews.com

StockNews.com upgraded shares of FTAI Aviation (NYSE:FTAIFree Report) to a sell rating in a research note released on Thursday morning.

FTAI has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft upped their target price on FTAI Aviation from $84.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, May 30th. Royal Bank of Canada started coverage on FTAI Aviation in a research report on Friday, May 3rd. They set an outperform rating and a $85.00 target price on the stock. Morgan Stanley upped their target price on FTAI Aviation from $58.00 to $70.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. JMP Securities upped their target price on FTAI Aviation from $66.00 to $85.00 and gave the stock a market outperform rating in a research report on Monday, April 29th. Finally, Barclays increased their price target on FTAI Aviation from $62.00 to $80.00 and gave the company an overweight rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, FTAI Aviation currently has an average rating of Moderate Buy and an average price target of $71.59.

View Our Latest Analysis on FTAI

FTAI Aviation Stock Performance

FTAI Aviation stock opened at $82.67 on Thursday. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 37.75 and a beta of 1.95. FTAI Aviation has a 52-week low of $27.83 and a 52-week high of $86.31. The stock’s 50 day moving average price is $75.37 and its two-hundred day moving average price is $59.51.

FTAI Aviation (NYSE:FTAIGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.06). FTAI Aviation had a return on equity of 188.45% and a net margin of 21.08%. The business had revenue of $326.70 million for the quarter, compared to the consensus estimate of $302.07 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. FTAI Aviation’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities research analysts forecast that FTAI Aviation will post 1.93 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Friday, May 10th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, May 9th. FTAI Aviation’s dividend payout ratio is presently 54.79%.

Insider Activity

In other FTAI Aviation news, CEO Joseph P. Jr. Adams bought 59,000 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was purchased at an average cost of $82.00 per share, with a total value of $4,838,000.00. Following the transaction, the chief executive officer now directly owns 197,382 shares in the company, valued at approximately $16,185,324. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On FTAI Aviation

Several large investors have recently made changes to their positions in FTAI. Public Employees Retirement System of Ohio increased its position 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 valued at $30,000 after purchasing an additional 231 shares during the last quarter. CWM LLC bought a new position in shares of FTAI Aviation during the 4th quarter worth $43,000. Operose Advisors LLC bought a new position in shares of FTAI Aviation during the 3rd quarter worth $75,000. USA Financial Formulas grew its stake in shares of FTAI Aviation by 1,684.6% during the 4th quarter. USA Financial Formulas now owns 1,624 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 1,533 shares during the period. Finally, Tucker Asset Management LLC grew its stake in shares of FTAI Aviation by 726.5% during the 4th quarter. Tucker Asset Management LLC now owns 1,653 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 1,453 shares during the period. 88.96% of the stock is owned by hedge funds and other institutional investors.

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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