FTAI Aviation (NASDAQ:FTAI) Shares Up 7.6% – What’s Next?

FTAI Aviation Ltd. (NASDAQ:FTAI – Get Free Report) shares traded up 7.6% on Monday. The stock traded as high as $201.98 and last traded at $201.41. Approximately 190,408 shares changed hands during trading, a decline of 88% from the average session volume of 1,544,705 shares. The stock had previously closed at $187.27.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FTAI shares. Citizens Jmp assumed coverage on FTAI Aviation in a research note on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $290.00 price target on FTAI Aviation in a research report on Friday, July 31st. Royal Bank Of Canada reduced their price objective on FTAI Aviation from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Wednesday, October 28th. Morgan Stanley dropped their price objective on FTAI Aviation from $360.00 to $310.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Finally, BTIG Research reduced their price objective on FTAI Aviation from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $304.38.

Read Our Latest Analysis on FTAI Aviation

FTAI Aviation Price Performance

The company’s 50 day simple moving average is $178.97 and its two-hundred day simple moving average is $232.06. The company has a debt-to-equity ratio of 8.55, a current ratio of 5.28 and a quick ratio of 2.07. The stock has a market capitalization of $20.66 billion, a P/E ratio of 40.80, a PEG ratio of 0.93 and a beta of 1.51.

FTAI Aviation (NASDAQ:FTAI – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.12. FTAI Aviation had a net margin of 15.46% and a return on equity of 135.72%. The business had revenue of $977.66 million for the quarter. During the same quarter last year, the company earned $1.10 EPS. The firm’s quarterly revenue was up 46.6% on a year-over-year basis. As a group, equities analysts expect that FTAI Aviation Ltd. will post 5.48 EPS for the current fiscal year.

Hedge Funds Weigh In On FTAI Aviation

A number of large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in FTAI Aviation by 2.5% during the second quarter. State Street Corp now owns 3,083,589 shares of the financial services provider’s stock worth $834,203,000 after purchasing an additional 75,452 shares during the last quarter. Bank of America Corp DE grew its position in FTAI Aviation by 8.2% in the first quarter. Bank of America Corp DE now owns 885,337 shares of the financial services provider’s stock valued at $216,908,000 after acquiring an additional 67,097 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in FTAI Aviation by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 631,212 shares of the financial services provider’s stock valued at $154,515,000 after purchasing an additional 15,291 shares during the period. First Trust Advisors LP grew its position in shares of FTAI Aviation by 5.0% during the 1st quarter. First Trust Advisors LP now owns 383,773 shares of the financial services provider’s stock worth $94,024,000 after buying an additional 18,399 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in FTAI Aviation by 27.6% in the 1st quarter. Bank of New York Mellon Corp now owns 361,230 shares of the financial services provider’s stock valued at $88,501,000 after buying an additional 78,152 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

(Get Free Report)

FTAI Aviation Ltd. is an aviation-focused company that owns, acquires, leases and sells commercial aircraft engines, aircraft and related aviation assets. Its portfolio primarily supports the global narrowbody aircraft market, with a particular focus on widely used engine platforms such as the CFM56 and V2500.

The company provides engine leasing solutions to airlines, aircraft leasing companies and other aviation customers. It also supplies aviation parts and materials and offers maintenance, repair and overhaul-related services.

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