FTAI Aviation (NYSE:FTAI) Shares Gap Up – Still a Buy?

FTAI Aviation Ltd. (NYSE:FTAI) gapped up before the market opened on Thursday . The stock had previously closed at $125.75, but opened at $149.74. FTAI Aviation shares last traded at $151.43, with a volume of 2,649,971 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays increased their target price on FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Wolfe Research upgraded FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 price target for the company in a report on Friday, January 10th. BTIG Research increased their price target on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Finally, Stifel Nicolaus cut their price target on shares of FTAI Aviation from $167.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Stock Performance

The firm has a market cap of $13.26 billion, a PE ratio of -1,292.97 and a beta of 2.05. The stock has a 50-day simple moving average of $124.91 and a two-hundred day simple moving average of $133.09.

Institutional Inflows and Outflows

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