FTAI Aviation (NYSE:FTAI) Stock Price Up 6.6% – Here’s What Happened

FTAI Aviation Ltd. (NYSE:FTAI)’s share price shot up 6.6% during mid-day trading on Monday . The company traded as high as $105.08 and last traded at $107.18. 538,727 shares were traded during mid-day trading, a decline of 89% from the average session volume of 5,009,870 shares. The stock had previously closed at $100.53.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FTAI. Wolfe Research upgraded shares of FTAI Aviation from a “peer perform” rating to an “outperform” rating and set a $190.00 target price for the company in a report on Friday, January 10th. Stifel Nicolaus decreased 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 note on Wednesday, January 22nd. Benchmark boosted their price objective 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of FTAI Aviation from $125.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays boosted their price objective on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $171.75.

FTAI Aviation Stock Up 6.7 %

The firm has a market capitalization of $11.99 billion, a PE ratio of -1,169.38 and a beta of 2.06. The firm’s 50 day moving average price is $134.34 and its two-hundred day moving average price is $132.36.

Institutional Trading of FTAI Aviation

Institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of FTAI Aviation during the third quarter worth $26,000. Anchor Investment Management LLC acquired a new stake in shares of FTAI Aviation during the third quarter worth $31,000. Private Trust Co. NA raised its holdings in shares of FTAI Aviation by 221.1% during the fourth quarter. Private Trust Co. NA now owns 244 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 168 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FTAI Aviation during the fourth quarter worth $36,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of FTAI Aviation by 118.1% during the third quarter. Farther Finance Advisors LLC now owns 349 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 189 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

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.