FTAI Aviation (NYSE:FTAI) Trading 6.6% Higher – Still a Buy?

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price traded up 6.6% during trading on Monday . The stock traded as high as $105.08 and last traded at $107.18. 538,727 shares were traded during mid-day trading, a decline of 89% from the average session volume of 5,009,870 shares. The stock had previously closed at $100.53.

Analysts Set New Price Targets

FTAI has been the subject of a number of research reports. Barclays raised their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Benchmark lifted their price target on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com raised FTAI Aviation to a “sell” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Trading Up 8.1 %

The firm’s 50-day moving average price is $136.79 and its 200 day moving average price is $132.27. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of -1,088.85 and a beta of 2.06.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FTAI. Oppenheimer & Co. Inc. grew its position in FTAI Aviation by 96.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,349 shares of the financial services provider’s stock worth $1,110,000 after acquiring an additional 4,106 shares during the last quarter. Sara Bay Financial acquired a new position in shares of FTAI Aviation in the fourth quarter valued at approximately $547,000. Concurrent Investment Advisors LLC bought a new position in FTAI Aviation in the 3rd quarter valued at approximately $498,000. Ibex Wealth Advisors acquired a new stake in FTAI Aviation during the 4th quarter worth approximately $3,518,000. Finally, Diversified Trust Co bought a new stake in FTAI Aviation during the 3rd quarter worth approximately $1,738,000. Institutional investors and hedge funds own 88.96% of the company’s stock.

About FTAI Aviation

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.