FTAI Aviation (NYSE:FTAI) Trading Up 5% – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price rose 5% during mid-day trading on Tuesday . The stock traded as high as $96.74 and last traded at $96.25. Approximately 264,600 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 5,455,105 shares. The stock had previously closed at $91.65.

Wall Street Analysts Forecast Growth

FTAI has been the subject of a number of recent research reports. BTIG Research lifted their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, December 31st. Citigroup lifted their price objective 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. Deutsche Bank Aktiengesellschaft increased 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. Benchmark lifted their price target on shares of FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com raised shares of FTAI Aviation to a “sell” rating in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $171.75.

FTAI Aviation Price Performance

The stock has a market cap of $9.95 billion, a PE ratio of 38.01 and a beta of 2.09. The business has a fifty day moving average of $139.69 and a 200-day moving average of $132.10.

FTAI Aviation (NYSE:FTAI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The firm had revenue of $465.80 million for the quarter, compared to the consensus estimate of $422.45 million. The company’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. As a group, equities research analysts predict that FTAI Aviation Ltd. will post 2.21 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation in the 3rd quarter valued at $26,000. Anchor Investment Management LLC purchased a new position in FTAI Aviation in the third quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in FTAI Aviation in the fourth quarter valued at about $36,000. Farther Finance Advisors LLC raised its holdings in FTAI Aviation by 118.1% in the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in shares of FTAI Aviation during the fourth quarter valued at about $93,000. 88.96% of the stock is currently owned by 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.