FTAI Aviation (NYSE:FTAI) Stock Price Down 6.2% – Should You Sell?

FTAI Aviation Ltd. (NYSE:FTAI) was down 6.2% on Thursday . The company 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.

Analysts Set New Price Targets

FTAI has been the subject of a number of recent analyst reports. BTIG Research raised their price objective on FTAI Aviation from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, December 31st. Benchmark raised their price target on FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a report on Friday, November 1st. Compass Point lifted their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Citigroup lifted their target price on shares of FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating and eleven have given a buy rating to the stock. According to data from MarketBeat, FTAI Aviation has a consensus rating of “Moderate Buy” and a consensus target price of $171.75.

FTAI Aviation Trading Up 5.3 %

The stock’s 50-day simple moving average is $126.61 and its 200-day simple moving average is $132.38. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of -1,135.79 and a beta of 2.05.

Institutional Trading of FTAI Aviation

Large investors have recently modified their holdings of the stock. Capital International Investors raised its stake in FTAI Aviation by 39.7% in the fourth quarter. Capital International Investors now owns 10,677,171 shares of the financial services provider’s stock valued at $1,537,940,000 after purchasing an additional 3,034,838 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of FTAI Aviation by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock worth $1,519,325,000 after acquiring an additional 184,730 shares during the period. Geode Capital Management LLC boosted its position in shares of FTAI Aviation by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock worth $317,202,000 after acquiring an additional 61,897 shares in the last quarter. State Street Corp increased its stake in FTAI Aviation by 1.7% in the third quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after acquiring an additional 38,279 shares during the last quarter. Finally, Hood River Capital Management LLC raised its position in FTAI Aviation by 8.0% during the fourth quarter. Hood River Capital Management LLC now owns 2,069,824 shares of the financial services provider’s stock valued at $298,137,000 after purchasing an additional 153,909 shares in the last quarter. 88.96% of the stock is owned by institutional investors and hedge funds.

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.