FTAI Aviation (NYSE:FTAI) Shares Gap Up – What’s Next?

Shares of FTAI Aviation Ltd. (NYSE:FTAI) gapped up prior to trading on Thursday . The stock had previously closed at $116.08, but opened at $126.86. FTAI Aviation shares last traded at $121.62, with a volume of 2,025,980 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FTAI. Jefferies Financial Group lifted their price objective on shares of FTAI Aviation from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Deutsche Bank Aktiengesellschaft increased their price objective on FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Compass Point increased their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, BTIG Research upped their target price on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, December 31st. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $177.33.

FTAI Aviation Stock Up 4.8 %

The company has a market cap of $12.47 billion, a price-to-earnings ratio of -1,216.08 and a beta of 2.09. The stock has a 50 day simple moving average of $151.99 and a 200 day simple moving average of $132.31.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s revenue was up 60.0% compared to the same quarter last year. As a group, equities research analysts expect that FTAI Aviation Ltd. will post 2.2 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Thursday, November 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is -1,200.00%.

Hedge Funds Weigh In On FTAI Aviation

A number of institutional investors have recently made changes to their positions in FTAI. Brown Brothers Harriman & Co. acquired a new position in FTAI Aviation during the 3rd quarter worth $26,000. Anchor Investment Management LLC bought a new stake in FTAI Aviation in the third quarter valued at about $31,000. Farther Finance Advisors LLC lifted its holdings in FTAI Aviation by 118.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after buying an additional 189 shares during the last quarter. USA Financial Formulas acquired a new position in shares of FTAI Aviation in the 4th quarter worth approximately $93,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of FTAI Aviation during the 3rd quarter valued at approximately $200,000. 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.