FTAI Aviation (NYSE:FTAI) Stock Price Up 6.6% – Time to Buy?

FTAI Aviation Ltd. (NYSE:FTAI) rose 6.6% on Monday . The stock traded as high as $105.08 and last traded at $107.18. Approximately 538,727 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 5,009,870 shares. The stock had previously closed at $100.53.

Analysts Set New Price Targets

FTAI has been the topic of several recent research reports. Compass Point boosted their price target on FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research report on Wednesday, January 22nd. Citigroup boosted their price target on FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Benchmark boosted 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. Finally, StockNews.com upgraded FTAI Aviation to a “sell” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, FTAI Aviation presently has a consensus rating of “Moderate Buy” and an average price target of $171.75.

FTAI Aviation Stock Up 6.7 %

The stock has a 50-day simple moving average of $134.34 and a 200-day simple moving average of $132.36. The firm has a market capitalization of $11.99 billion, a PE ratio of -1,169.38 and a beta of 2.06.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FTAI. Brown Brothers Harriman & Co. bought a new position in FTAI Aviation in the 3rd quarter valued at approximately $26,000. Anchor Investment Management LLC bought a new position in FTAI Aviation in the 3rd quarter valued at approximately $31,000. Private Trust Co. NA lifted its position in FTAI Aviation by 221.1% in the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 168 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in FTAI Aviation in the 4th quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC lifted its position in FTAI Aviation by 118.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 189 shares in 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.