FTAI Aviation Ltd. (NASDAQ:FTAI) has garnered a consensus rating of “Moderate Buy” from twelve analysts currently covering the stock, according to Marketbeat Ratings. The analysis reveals that two analysts recommend holding the stock, nine advocate for buying, and one suggests a strong buy. The average price target for the next year stands at approximately $226.88, reflecting positive sentiment among market experts.
Several brokerages have recently adjusted their ratings for FTAI Aviation. On January 15, 2023, Barclays raised its price target from $200.00 to $260.00, assigning an “overweight” rating. Similarly, BTIG Research reiterated its “buy” rating with a target price of $230.00 in a report dated December 30, 2022. In contrast, Zacks Research upgraded its assessment from a “strong sell” to a “hold” on January 9, 2023. Notably, Jones Trading began coverage on FTAI Aviation on October 10, 2022, issuing a buy rating with a price objective of $306.00.
Institutional Trading Insights
Recent institutional trading activity indicates a growing interest in FTAI Aviation. Mather Group LLC acquired a new stake valued at approximately $28,000 during the third quarter. Additionally, Parallel Advisors LLC increased its holdings by 78.5% in the second quarter, now owning 307 shares worth $35,000 after purchasing an additional 135 shares.
Other notable changes include Global Retirement Partners LLC, which expanded its stake by a remarkable 880.0% in the third quarter, bringing its total to 343 shares valued at $57,000. Armstrong Advisory Group Inc. also entered the market with a new position worth approximately $60,000 in the second quarter. Overall, institutional investors hold approximately 88.96% of FTAI’s stock.
Stock Performance and Earnings Report
As of Friday, FTAI Aviation shares opened at $280.24. The stock’s performance over the past year has seen a low of $75.06 and a high of $281.12. The company boasts a market capitalization of $28.74 billion, with a P/E ratio of 63.98 and a beta of 1.54.
On October 27, 2023, FTAI Aviation reported its quarterly earnings, revealing an EPS of $1.10, which fell short of the consensus estimate of $1.19 by $0.09. Revenue for the quarter reached $667.06 million, slightly exceeding analyst expectations of $662.51 million. The company showcased a remarkable return on equity of 370.51% and a net margin of 20.82%, with revenue growth of 43.2% compared to the same quarter last year, where it posted an EPS of $0.76.
Research analysts project that FTAI Aviation will achieve an EPS of 2.2 for the current fiscal year.
FTAI Aviation also announced a quarterly dividend, which was distributed on November 19, 2023. Shareholders who were on record by November 10, 2023, received a dividend of $0.35 per share, translating to an annualized dividend of $1.40 and a yield of 0.5%. The company’s dividend payout ratio currently stands at 31.96%.
Company Overview
FTAI Aviation, listed on NASDAQ as FTAI, is a commercial aircraft leasing company specializing in the acquisition, management, and leasing of wide-body jet aircraft to airlines worldwide. The firm’s portfolio focuses on modern, fuel-efficient Boeing aircraft, including the 767, 777, and 787 families, which are typically leased under long-term operating agreements. FTAI Aviation aims to provide consistent cash flows through lease rentals and maintenance reserve collections, while also offering flexible fleet solutions to airlines. In addition to lease origination, the company provides comprehensive asset management services.
