FTAI Aviation (NYSE:FTAI) Trading Down 6.2% – What’s Next?

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price dropped 6.2% during mid-day trading on Thursday . The stock traded as low as $106.88 and last traded at $107.57. Approximately 1,663,986 shares changed hands during trading, a decline of 61% from the average daily volume of 4,262,721 shares. The stock had previously closed at $114.71.

Wall Street Analyst Weigh In

FTAI has been the topic of a number of recent research reports. Benchmark increased their price objective on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a research report on Friday, January 10th. Finally, Morgan Stanley restated an “underperform” rating on shares of FTAI Aviation in a report on Friday, October 18th. Two research 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 has an average rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Trading Up 5.3 %

The company has a 50 day simple moving average of $126.61 and a 200 day simple moving average of $132.38. The stock has a market cap of $11.65 billion, a P/E ratio of -1,135.79 and a beta of 2.05.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new position in shares of FTAI Aviation during the 3rd quarter worth about $26,000. Transce3nd LLC acquired a new position in FTAI Aviation during the fourth quarter worth $29,000. Kapitalo Investimentos Ltda bought a new stake in FTAI Aviation during the fourth quarter worth $30,000. Anchor Investment Management LLC acquired a new stake in FTAI Aviation in the third quarter valued at $31,000. Finally, Private Trust Co. NA grew its position in shares of FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 168 shares during the period. Institutional investors own 88.96% of the company’s stock.

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.