FTAI Aviation (NYSE:FTAI) Shares Gap Down – Should You Sell?

FTAI Aviation Ltd. (NYSE:FTAI) gapped down prior to trading on Tuesday . The stock had previously closed at $112.38, but opened at $86.25. FTAI Aviation shares last traded at $83.09, with a volume of 4,733,024 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FTAI shares. StockNews.com raised FTAI Aviation to a “sell” rating in a research note on Tuesday. Benchmark boosted their price objective on FTAI Aviation from $150.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. 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 research note on Friday, January 10th. Compass Point lifted their price target on shares of FTAI Aviation from $175.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $160.00 price target on shares of FTAI Aviation in a report on Wednesday. Two analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FTAI Aviation has a consensus rating of “Moderate Buy” and an average target price of $171.75.

FTAI Aviation Stock Up 10.3 %

The stock has a market capitalization of $10.41 billion, a PE ratio of -1,014.90 and a beta of 2.09. The firm’s fifty day moving average is $146.49 and its 200-day moving average is $132.23.

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

FTAI Aviation Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, November 14th. FTAI Aviation’s payout ratio is currently -1,199.88%.

Institutional Investors Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently made changes to their positions in FTAI. Brown Brothers Harriman & Co. purchased a new position in FTAI Aviation during the third quarter worth $26,000. Anchor Investment Management LLC purchased a new stake in FTAI Aviation during the 3rd quarter worth about $31,000. Farther Finance Advisors LLC raised its stake 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 purchasing an additional 189 shares during the last quarter. USA Financial Formulas acquired a new position in FTAI Aviation in the 4th quarter valued at about $93,000. Finally, Raymond James Trust N.A. purchased a new position in FTAI Aviation in the 3rd quarter valued at about $200,000. 88.96% of the stock is currently owned by hedge funds and other institutional investors.

FTAI Aviation Company Profile

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.