Citizens Jmp Forecasts Strong Price Appreciation for FTAI Aviation (NASDAQ:FTAI) Stock

FTAI Aviation (NASDAQ:FTAI) had its target price raised by equities research analysts at Citizens Jmp from $230.00 to $325.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “market outperform” rating on the financial services provider’s stock. Citizens Jmp’s price target points to a potential upside of 19.34% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of FTAI Aviation in a report on Monday, December 29th. Royal Bank Of Canada upped their target price on FTAI Aviation from $270.00 to $350.00 and gave the stock an “outperform” rating in a report on Monday. Wall Street Zen cut FTAI Aviation from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. BTIG Research boosted their price target on FTAI Aviation from $230.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, Jones Trading began 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. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $266.11.

FTAI Aviation Stock Down 1.3%

FTAI stock opened at $272.32 on Thursday. FTAI Aviation has a twelve month low of $81.45 and a twelve month high of $310.00. The firm has a market cap of $27.93 billion, a price-to-earnings ratio of 62.17 and a beta of 1.54. The business’s fifty day simple moving average is $211.54 and its two-hundred day simple moving average is $175.02.

Insider Transactions at FTAI Aviation

In other news, COO David Moreno purchased 4,354 shares of the stock in a transaction on Thursday, November 13th. The stock was bought at an average price of $153.89 per share, with a total value of $670,037.06. Following the transaction, the chief operating officer owned 4,354 shares in the company, valued at $670,037.06. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On FTAI Aviation

A number of institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC acquired a new stake in FTAI Aviation during the 1st quarter valued at approximately $242,000. QRG Capital Management Inc. acquired a new position in FTAI Aviation during the second quarter valued at $204,000. Fortitude Advisory Group L.L.C. boosted its holdings in FTAI Aviation by 130.4% in the second quarter. Fortitude Advisory Group L.L.C. now owns 21,667 shares of the financial services provider’s stock valued at $2,493,000 after purchasing an additional 12,262 shares during the last quarter. DAVENPORT & Co LLC grew its position in FTAI Aviation by 15.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 2,407 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 317 shares during the period. Finally, KLP Kapitalforvaltning AS raised its stake in shares of FTAI Aviation by 3.3% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 21,700 shares of the financial services provider’s stock valued at $2,496,000 after buying an additional 700 shares during the last quarter. Institutional investors and hedge funds own 88.96% of the company’s stock.

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.