FTAI Aviation (NYSE:FTAI - Get Free Report) had its price target lowered by Morgan Stanley from $168.00 to $138.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the financial services provider's stock. Morgan Stanley's price target suggests a potential upside of 39.30% from the company's previous close.
Other research analysts have also recently issued reports about the company. Compass Point boosted their target price on FTAI Aviation from $175.00 to $181.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Wolfe Research upgraded shares of FTAI Aviation from a "peer perform" rating to an "outperform" rating and set a $190.00 target price on the stock in a report on Friday, January 10th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $123.00 price target (up previously from $100.00) on shares of FTAI Aviation in a research note on Monday, March 3rd. BTIG Research increased their price objective on shares of FTAI Aviation from $180.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, December 31st. Finally, Citigroup reaffirmed a "buy" rating on shares of FTAI Aviation in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, FTAI Aviation currently has an average rating of "Moderate Buy" and an average price target of $172.83.
Read Our Latest Analysis on FTAI Aviation
FTAI Aviation Price Performance
FTAI traded up $0.15 during mid-day trading on Friday, hitting $99.07. The stock had a trading volume of 1,101,557 shares, compared to its average volume of 1,694,953. The stock's fifty day simple moving average is $111.79 and its 200-day simple moving average is $130.74. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of -990.60 and a beta of 1.79. FTAI Aviation has a 1-year low of $66.22 and a 1-year high of $181.64.
Institutional Investors Weigh In On FTAI Aviation
Hedge funds have recently bought and sold shares of the company. Orion Portfolio Solutions LLC lifted its position in shares of FTAI Aviation by 2.9% in the third quarter. Orion Portfolio Solutions LLC now owns 3,634 shares of the financial services provider's stock valued at $483,000 after buying an additional 102 shares during the last quarter. Merit Financial Group LLC lifted its holdings in FTAI Aviation by 2.5% during the 4th quarter. Merit Financial Group LLC now owns 4,256 shares of the financial services provider's stock valued at $613,000 after purchasing an additional 105 shares during the last quarter. MML Investors Services LLC boosted its position in FTAI Aviation by 6.3% during the third quarter. MML Investors Services LLC now owns 2,166 shares of the financial services provider's stock worth $288,000 after purchasing an additional 129 shares during the period. CIBC Asset Management Inc raised its position in shares of FTAI Aviation by 4.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,389 shares of the financial services provider's stock valued at $488,000 after purchasing an additional 147 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of FTAI Aviation by 7.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,405 shares of the financial services provider's stock worth $346,000 after buying an additional 161 shares during the last quarter. 88.96% of the stock is currently owned by institutional investors and hedge funds.
About FTAI Aviation
(
Get Free Report)
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.
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