FTAI Aviation (NYSE:FTAI) Shares Up 6.5% – What’s Next?

Shares of FTAI Aviation Ltd. (NYSE:FTAI) traded up 6.5% on Monday . The company traded as high as $119.72 and last traded at $120.22. 313,660 shares were traded during trading, a decline of 93% from the average session volume of 4,537,809 shares. The stock had previously closed at $112.84.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Benchmark boosted their target price 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 upgraded shares of FTAI Aviation to a “sell” rating in a research note on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Citigroup upped their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Compass Point raised their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Price Performance

The firm’s 50-day moving average price is $129.49 and its 200-day moving average price is $132.67. The stock has a market cap of $11.76 billion, a P/E ratio of -1,146.99 and a beta of 2.05.

Institutional Investors Weigh In On FTAI Aviation

A number of hedge funds have recently made changes to their positions in FTAI. Orion Portfolio Solutions LLC grew its holdings in shares of FTAI Aviation by 2.9% in the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider’s stock valued at $483,000 after purchasing an additional 102 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of FTAI Aviation by 2.5% in the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider’s stock worth $613,000 after buying an additional 105 shares in the last quarter. MML Investors Services LLC grew its stake in shares of FTAI Aviation by 6.3% in the 3rd quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider’s stock worth $288,000 after buying an additional 129 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of FTAI Aviation by 5.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock worth $352,000 after buying an additional 145 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of FTAI Aviation by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider’s stock valued at $488,000 after buying an additional 147 shares in the last quarter. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

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.