FTAI Aviation (NYSE:FTAI) Shares Pass Below 200-Day Moving Average – What’s Next?

FTAI Aviation Ltd. (NYSE:FTAI) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $126.41 and traded as low as $126.39. FTAI Aviation shares last traded at $129.38, with a volume of 431,077 shares traded.

Analyst Ratings Changes

Several research firms have commented on FTAI. Compass Point increased their price objective on shares of FTAI Aviation from $175.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Citigroup increased their price target on shares of FTAI Aviation from $134.00 to $165.00 and gave the company a “buy” rating in a report on Monday, October 28th. Morgan Stanley reissued an “underperform” rating on shares of FTAI Aviation in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $160.00 target price on shares of FTAI Aviation in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.45.

FTAI Aviation Stock Up 1.0 %

The firm has a market cap of $13.27 billion, a PE ratio of -1,293.67 and a beta of 2.06. The business has a 50 day simple moving average of $150.05 and a two-hundred day simple moving average of $126.41.

FTAI Aviation (NYSE:FTAI) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $465.80 million during the quarter, compared to analysts’ expectations of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. The company’s quarterly revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.33 EPS. Equities analysts forecast that FTAI Aviation Ltd. will post 2.21 earnings per share for the current year.

FTAI Aviation Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.93%. FTAI Aviation’s payout ratio is -1,200.00%.

Hedge Funds Weigh In On FTAI Aviation

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new position in FTAI Aviation in the third quarter worth approximately $26,000. Anchor Investment Management LLC bought a new position in shares of FTAI Aviation in the 3rd quarter worth $31,000. Arcadia Investment Management Corp MI bought a new position in shares of FTAI Aviation in the 2nd quarter worth $33,000. Farther Finance Advisors LLC lifted its stake in shares of FTAI Aviation by 118.1% during the 3rd 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 last quarter. Finally, Raymond James Trust N.A. bought a new stake in FTAI Aviation during the third quarter valued at about $200,000. 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.