FTAI Aviation (NASDAQ:FTAI) Sets New 1-Year High – Here’s Why

FTAI Aviation Ltd. (NASDAQ:FTAI)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $310.00 and last traded at $305.83, with a volume of 272911 shares traded. The stock had previously closed at $303.93.

Analysts Set New Price Targets

Several research firms have recently commented on FTAI. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Morgan Stanley lifted their price target on shares of FTAI Aviation from $220.00 to $266.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Barclays raised their price target on FTAI Aviation from $200.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Citizens Jmp upped their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 29th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.22.

FTAI Aviation Price Performance

The business has a fifty day simple moving average of $247.55 and a two-hundred day simple moving average of $194.23. The company has a market cap of $31.16 billion, a PE ratio of 69.37 and a beta of 1.53.

Hedge Funds Weigh In On FTAI Aviation

Several institutional investors and hedge funds have recently bought and sold shares of FTAI. Compound Planning Inc. lifted its stake in shares of FTAI Aviation by 9.0% during the fourth quarter. Compound Planning Inc. now owns 2,227 shares of the financial services provider’s stock worth $438,000 after buying an additional 184 shares during the period. Invesco Ltd. lifted its position in FTAI Aviation by 8.5% during the 4th quarter. Invesco Ltd. now owns 432,740 shares of the financial services provider’s stock worth $85,185,000 after acquiring an additional 33,801 shares during the period. Corient Private Wealth LLC grew its stake in FTAI Aviation by 39.8% during the 4th quarter. Corient Private Wealth LLC now owns 2,116 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 602 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of FTAI Aviation by 2.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,915 shares of the financial services provider’s stock valued at $1,952,000 after purchasing an additional 258 shares during the period. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of FTAI Aviation in the fourth quarter worth about $219,000. 88.96% of the stock is owned by hedge funds and other institutional investors.

FTAI Aviation Company Profile

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.