FTAI Aviation (NASDAQ:FTAI) Price Target Raised to $325.00

by · The Markets Daily

FTAI Aviation (NASDAQ:FTAI – Free Report) had its target price increased by Citizens Jmp from $230.00 to $325.00 in a report issued on Thursday,Benzinga reports. The firm currently has a market outperform rating on the financial services provider’s stock.

Several other analysts also recently commented on the company. Jones Trading assumed coverage on FTAI Aviation in a research note on Friday, October 10th. They set a “buy” rating and a $306.00 price objective for the company. BTIG Research upped their price target on FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a research report on Monday, December 29th. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Finally, Wolfe Research restated an “outperform” rating and issued a $225.00 target price on shares of FTAI Aviation in a research note on Wednesday, December 31st. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, FTAI Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $266.11.

Check Out Our Latest Stock Report on FTAI

FTAI Aviation Stock Performance

NASDAQ FTAI opened at $272.32 on Thursday. The firm has a market cap of $27.93 billion, a PE ratio of 62.17 and a beta of 1.54. FTAI Aviation has a one year low of $81.45 and a one year high of $310.00. The firm’s fifty day moving average is $211.54 and its two-hundred day moving average is $175.44.

Insiders Place Their Bets

In other FTAI Aviation news, COO David Moreno acquired 4,354 shares of the stock in a transaction dated Thursday, November 13th. The stock was acquired at an average price of $153.89 per share, with a total value of $670,037.06. Following the completion of the transaction, the chief operating officer directly owned 4,354 shares in the company, valued at approximately $670,037.06. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Trading of FTAI Aviation

A number of hedge funds have recently added to or reduced their stakes in FTAI. Mather Group LLC. acquired a new position in shares of FTAI Aviation during the 3rd quarter valued at about $28,000. Global Retirement Partners LLC grew its holdings in FTAI Aviation by 880.0% in the third quarter. Global Retirement Partners LLC now owns 343 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 308 shares during the period. First Horizon Corp increased its position in FTAI Aviation by 131.9% during the fourth quarter. First Horizon Corp now owns 320 shares of the financial services provider’s stock worth $63,000 after purchasing an additional 182 shares during the last quarter. Assetmark Inc. raised its stake in FTAI Aviation by 15.8% during the second quarter. Assetmark Inc. now owns 638 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 87 shares during the period. Finally, GAMMA Investing LLC raised its stake in FTAI Aviation by 22.7% during the third quarter. GAMMA Investing LLC now owns 525 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 97 shares during the period. 88.96% of the stock is owned by institutional investors and hedge funds.

About FTAI Aviation

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FTAI Aviation (NASDAQ: FTAI) is a commercial aircraft leasing company that acquires, manages and leases wide-body jet aircraft to airlines globally. The company’s portfolio is focused on modern, fuel-efficient Boeing models, including the 767, 777 and 787 families, which are deployed under long-term operating leases. By concentrating on in-demand wide-body assets, FTAI Aviation seeks to deliver stable cash flows through lease rentals and maintenance reserve collections while providing airlines with flexible fleet solutions.

In addition to lease origination, FTAI Aviation offers end-to-end asset management services.

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