On July 31, FTAI AVIATION LTD rose 5.22% in regular trading, trading at approximately $206.87/share, with turnover of $71.18 million.
On the news front, Deutsche Bank adjusted its price target on FTAI Aviation to $290 from $315 while maintaining a Buy rating. The stock had plunged over 10% across the prior two trading sessions after reporting Q2 EPS of $1.13, significantly missing the FactSet consensus estimate of $1.38 and representing a 28% year-over-year decline. Revenue of $953.1 million grew 40.9% year-over-year, beating estimates of $895.3 million. The company also raised its quarterly dividend to $0.50 per share from $0.45.
Despite the earnings shortfall marking the second consecutive quarter of EPS misses, the maintained Buy rating from Deutsche Bank, combined with the FactSet consensus target price of $385.60 sitting well above the current share price, fueled oversold recovery sentiment and attracted capital inflows.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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