On July 28, FTAI AVIATION LTD declined 5.08% in regular trading, trading at $197.635/share, with turnover of $62.6153 million. The stock faced selling pressure as RBC Capital Markets cut its price target from $350 to $300 while maintaining an Outperform rating, triggering profit-taking ahead of the company's second-quarter earnings report scheduled for July 29 after market close.
Despite recent positive developments including a $1.465 billion gas turbine generator set order through J&F Power Systems representing a substantial portion of targeted 2027 deliveries, and a strategic partnership with AEI to offer low-cost Boeing 737-800 passenger-to-freighter conversion solutions, the target price reduction amplified cautious sentiment. Market consensus expects EPS of $1.32 for the quarter. The FactSet consensus target price stands at $385.60, implying significant upside from current levels, though near-term uncertainty surrounding earnings results has weighed on trading activity.
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