On July 22, FTAI Aviation rose 5.78% in regular trading, trading at $211.525/share, with turnover of $205 million. The stock rebounded after a 3.74% decline in the prior session.
On the news front, the company's Q2 earnings report is scheduled for release on July 29 after market close, with consensus estimates projecting EPS of $1.52, up from Q1's $1.29. Additionally, FTAI recently announced a deep strategic partnership with Aeronautical Engineers (AEI) to jointly launch an integrated Boeing 737-800 passenger-to-freighter conversion solution, combining engine maintenance capabilities with airframe modification expertise.
The collaboration targets growing global narrowbody cargo capacity demand. The Boeing 737-800 is the world's most-delivered narrowbody aircraft with nearly 6,000 units produced, providing ample secondhand aircraft supply to serve as the primary platform for small and mid-size cargo operations. Analysts remain broadly bullish on FTAI, with Morgan Stanley maintaining an Overweight rating with a $293 price target and Deutsche Bank holding a Buy rating with a $335 target.
(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.)
Comments