FTAI Aviation (NASDAQ:FTAI) Hits New 1-Year High – Time to Buy?

FTAI Aviation Ltd. (NASDAQ:FTAI)’s stock 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 analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $350.00 price objective on shares of FTAI Aviation in a report on Monday, February 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FTAI Aviation in a research note on Monday, December 29th. Citigroup reaffirmed an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Citizens Jmp boosted their price target on FTAI Aviation from $230.00 to $325.00 and gave the company a “market outperform” rating in a report on Thursday, January 29th. Finally, Zacks Research raised shares of FTAI Aviation from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $282.22.

FTAI Aviation Stock Performance

The firm has a market capitalization of $31.16 billion, a price-to-earnings ratio of 69.37 and a beta of 1.53. The company has a 50 day moving average price of $247.55 and a two-hundred day moving average price of $194.23.

Institutional Trading of FTAI Aviation

Institutional investors and hedge funds have recently modified their holdings of the stock. Compound Planning Inc. boosted its holdings in FTAI Aviation by 9.0% in the 4th 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 last quarter. Invesco Ltd. grew its stake in FTAI Aviation by 8.5% during the 4th quarter. Invesco Ltd. now owns 432,740 shares of the financial services provider’s stock valued at $85,185,000 after acquiring an additional 33,801 shares in the last quarter. Corient Private Wealth LLC lifted its position in FTAI Aviation by 39.8% during the fourth quarter. Corient Private Wealth LLC now owns 2,116 shares of the financial services provider’s stock worth $417,000 after buying an additional 602 shares in the last quarter. Mercer Global Advisors Inc. ADV grew 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 acquired a new stake in shares of FTAI Aviation during the 4th quarter worth approximately $219,000. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About FTAI Aviation

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.