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

FTAI Aviation Ltd. (NYSE:FTAI)’s share price crossed 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 changing hands.

Analysts Set New Price Targets

A number of analysts have recently commented on FTAI shares. Barclays increased their price target on FTAI Aviation from $135.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Benchmark raised their target price on shares of FTAI Aviation from $150.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group upped their price target on shares of FTAI Aviation from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $160.00 price objective on shares of FTAI Aviation in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of FTAI Aviation from $125.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, FTAI Aviation currently has an average rating of “Moderate Buy” and a consensus target price of $168.45.

FTAI Aviation Trading Up 1.0 %

The firm has a fifty day moving average of $150.05 and a two-hundred day moving average of $126.41. The company has a market capitalization of $13.27 billion, a PE ratio of -1,293.67 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). The company had revenue of $465.80 million during the quarter, compared to the consensus estimate of $422.45 million. FTAI Aviation had a return on equity of 206.25% and a net margin of 1.59%. FTAI Aviation’s quarterly revenue was up 60.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. On average, equities analysts expect that FTAI Aviation Ltd. will post 2.21 EPS for the current fiscal year.

FTAI Aviation Dividend Announcement

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

Institutional Trading of FTAI Aviation

Large investors have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC increased its holdings in FTAI Aviation by 2.9% during 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. MML Investors Services LLC increased its stake in shares of FTAI Aviation by 6.3% in the 3rd 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 in the last quarter. Foundations Investment Advisors LLC lifted its position in FTAI Aviation by 5.8% during the third quarter. Foundations Investment Advisors LLC now owns 2,645 shares of the financial services provider’s stock valued at $352,000 after purchasing an additional 145 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in FTAI Aviation by 118.1% during the third 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 period. Finally, Brown Brothers Harriman & Co. purchased a new stake in FTAI Aviation in the third quarter worth about $26,000. 88.96% of the stock is currently owned by institutional investors.

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.