FTAI Aviation (NYSE:FTAI) Share Price Passes Below 200-Day Moving Average – Should You Sell?

FTAI Aviation Ltd. (NYSE:FTAI)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

Several brokerages have commented on FTAI. Royal Bank of Canada restated an “outperform” rating and issued a $160.00 target price on shares of FTAI Aviation in a research note on Friday, November 1st. Compass Point increased their target price 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. Citigroup increased their price objective on FTAI Aviation from $134.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Barclays raised their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Finally, Jefferies Financial Group increased their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and an average target price of $168.45.

FTAI Aviation Stock Performance

The stock’s 50-day simple moving average is $149.74 and its 200-day simple moving average is $126.43. The firm has a market capitalization of $13.32 billion, a PE ratio of -1,298.27 and a beta of 2.06.

FTAI Aviation (NYSE:FTAI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.76 earnings per share (EPS) 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 company had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. During the same period in the previous year, the company earned $0.33 earnings per share. FTAI Aviation’s quarterly revenue was up 60.0% on a year-over-year basis. As a group, analysts predict that FTAI Aviation Ltd. will post 2.21 earnings per share for the current fiscal year.

FTAI Aviation Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders 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 yield of 0.92%. FTAI Aviation’s dividend payout ratio (DPR) is -1,200.00%.

Institutional Trading of FTAI Aviation

A number of hedge funds and other institutional investors have recently modified their holdings of FTAI. Geode Capital Management LLC raised its stake in FTAI Aviation by 2.7% during the third quarter. Geode Capital Management LLC now owns 2,386,325 shares of the financial services provider’s stock valued at $317,202,000 after buying an additional 61,897 shares during the last quarter. State Street Corp boosted its holdings in shares of FTAI Aviation by 1.7% during the 3rd quarter. State Street Corp now owns 2,325,049 shares of the financial services provider’s stock valued at $308,999,000 after acquiring an additional 38,279 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of FTAI Aviation by 87.1% in the third quarter. Westfield Capital Management Co. LP now owns 1,660,031 shares of the financial services provider’s stock worth $220,618,000 after acquiring an additional 773,017 shares during the period. JPMorgan Chase & Co. lifted its position in FTAI Aviation by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 1,154,808 shares of the financial services provider’s stock valued at $153,474,000 after purchasing an additional 182,252 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in FTAI Aviation by 10.0% in the third quarter. Two Sigma Advisers LP now owns 1,048,600 shares of the financial services provider’s stock worth $139,359,000 after purchasing an additional 95,200 shares during the last quarter. 88.96% of the stock is 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.