FTAI Aviation Ltd. (NASDAQ:FTAI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of FTAI Aviation Ltd. (NASDAQ:FTAI) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $274.50.

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of FTAI Aviation from $200.00 to $260.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Royal Bank Of Canada lifted their price target on FTAI Aviation from $270.00 to $350.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Citigroup restated an “outperform” rating on shares of FTAI Aviation in a report on Thursday, January 29th. Citizens Jmp increased their price objective on FTAI Aviation from $230.00 to $325.00 and gave the stock a “market outperform” rating in a report on Thursday, January 29th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $225.00 price target on shares of FTAI Aviation in a research report on Wednesday, December 31st.

Insiders Place Their Bets

In other FTAI Aviation news, COO David Moreno purchased 4,354 shares of the stock in a transaction on Thursday, November 13th. The shares were purchased at an average cost of $153.89 per share, for a total transaction of $670,037.06. Following the purchase, the chief operating officer owned 4,354 shares of the company’s stock, valued at approximately $670,037.06. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On FTAI Aviation

Several hedge funds have recently modified their holdings of FTAI. Ensign Peak Advisors Inc boosted its position in FTAI Aviation by 67.4% during the second quarter. Ensign Peak Advisors Inc now owns 3,075,788 shares of the financial services provider’s stock valued at $353,839,000 after purchasing an additional 1,238,294 shares during the last quarter. Norges Bank acquired a new position in shares of FTAI Aviation during the 2nd quarter worth approximately $142,012,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of FTAI Aviation by 1,678.6% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,140,542 shares of the financial services provider’s stock worth $131,208,000 after purchasing an additional 1,076,416 shares in the last quarter. Capital World Investors boosted its holdings in shares of FTAI Aviation by 17.3% in the 3rd quarter. Capital World Investors now owns 6,320,565 shares of the financial services provider’s stock valued at $1,054,649,000 after buying an additional 933,944 shares during the last quarter. Finally, Northern Right Capital Management L.P. boosted its holdings in shares of FTAI Aviation by 884.1% in the 2nd quarter. Northern Right Capital Management L.P. now owns 885,675 shares of the financial services provider’s stock valued at $101,888,000 after buying an additional 795,675 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

FTAI Aviation Stock Performance

NASDAQ FTAI opened at $275.38 on Tuesday. The stock has a market cap of $28.25 billion, a price-to-earnings ratio of 62.87 and a beta of 1.53. The business has a 50 day simple moving average of $224.01 and a 200 day simple moving average of $182.60. FTAI Aviation has a 52-week low of $81.45 and a 52-week high of $310.00.

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.