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

FTAI Aviation Ltd. (NYSE:FTAI) shares rose 5% during trading on Tuesday . The stock traded as high as $96.74 and last traded at $96.25. Approximately 264,600 shares were traded 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.

Analyst Upgrades and Downgrades

FTAI has been the topic of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a report on Wednesday, January 22nd. Compass Point increased their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Benchmark boosted their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup increased their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Barclays boosted their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Trading Down 3.0 %

The firm has a 50 day moving average of $139.69 and a 200-day moving average of $132.10. The company has a market cap of $9.95 billion, a P/E ratio of 38.01 and a beta of 2.09.

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

Institutional Trading of FTAI Aviation

Several hedge funds have recently bought and sold shares of the stock. Comprehensive Financial Planning Inc. PA purchased a new position in shares of FTAI Aviation during the fourth quarter valued at about $190,000. Sensible Money LLC bought a new position in FTAI Aviation during the fourth quarter valued at approximately $216,000. Entropy Technologies LP purchased a new position in FTAI Aviation during the 4th quarter valued at approximately $545,000. Empowered Funds LLC increased its stake in FTAI Aviation by 5.5% in the 4th quarter. Empowered Funds LLC now owns 40,770 shares of the financial services provider’s stock worth $5,873,000 after acquiring an additional 2,120 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $331,000. 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.