FTAI Aviation (NASDAQ:FTAI) Shares Climb 7.6% – Still a Buy?

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) shot up 7.6% during trading on Monday. The company traded as high as $201.98 and last traded at $201.41. Approximately 190,408 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,544,705 shares. The stock had previously closed at $187.27.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FTAI shares. Deutsche Bank Aktiengesellschaft set a $290.00 target price on FTAI Aviation in a research report on Friday, July 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a report on Friday. BTIG Research lowered their price target on shares of FTAI Aviation from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Morgan Stanley reduced their price objective on shares of FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Finally, Citizens Jmp initiated coverage on FTAI Aviation in a report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $304.38.

FTAI Aviation Stock Performance

The business’s 50 day simple moving average is $178.97 and its two-hundred day simple moving average is $232.06. The company has a current ratio of 5.28, a quick ratio of 2.07 and a debt-to-equity ratio of 8.55. The firm has a market capitalization of $20.66 billion, a PE ratio of 40.80, a price-to-earnings-growth ratio of 0.93 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI) last announced its quarterly earnings data on Thursday, October 29th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.12. FTAI Aviation had a return on equity of 135.72% and a net margin of 15.46%. The company had revenue of $977.66 million during the quarter. During the same quarter last year, the firm posted $1.10 earnings per share. The company’s revenue was up 46.6% compared to the same quarter last year. Research analysts expect that FTAI Aviation Ltd. will post 5.48 earnings per share for the current fiscal year.

Institutional Trading of FTAI Aviation

Hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC lifted its position in FTAI Aviation by 40.9% during the first quarter. Root Financial Partners LLC now owns 155 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 45 shares during the last quarter. Compound Planning Inc. raised its holdings in FTAI Aviation by 2.7% in the 1st quarter. Compound Planning Inc. now owns 2,287 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 60 shares during the period. Meeder Asset Management Inc. increased its stake in FTAI Aviation by 142.2% during the 1st quarter. Meeder Asset Management Inc. now owns 109 shares of the financial services provider’s stock worth $27,000 after buying an additional 64 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of FTAI Aviation by 55.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 179 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 64 shares during the last quarter. Finally, Abel Hall LLC raised its position in FTAI Aviation by 6.2% in the first quarter. Abel Hall LLC now owns 1,362 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.