FTAI Aviation (NYSE:FTAI) Trading Up 6.5% – Time to Buy?

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. 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. Compass Point raised their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. BTIG Research increased their target price on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, December 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 price target on shares of FTAI Aviation in a research note on Wednesday, January 22nd. Finally, Stifel Nicolaus lowered 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 report on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.75.

FTAI Aviation Stock Performance

The firm’s 50 day simple moving average is $129.49 and its 200 day simple moving average is $132.67. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of -1,146.99 and a beta of 2.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FTAI. Brown Brothers Harriman & Co. purchased a new position in shares of FTAI Aviation in the third quarter valued at approximately $26,000. Anchor Investment Management LLC purchased a new stake in shares of FTAI Aviation in the 3rd quarter valued at approximately $31,000. Private Trust Co. NA lifted its holdings 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 worth $35,000 after acquiring an additional 168 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in FTAI Aviation in the 4th quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC raised its position 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 valued at $46,000 after purchasing an additional 189 shares during the period. 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.