Analyst Moshe Orenbuch of TD Cowen maintained a Buy rating on Air Lease (AL – Research Report), with a price target of $54.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Moshe Orenbuch’s rating is based on several positive financial indicators and future growth prospects for Air Lease. The company reported a significant earnings per share (EPS) beat in the recent quarter, driven by higher aircraft sales and reduced interest expenses, which outpaced the anticipated depreciation expense. This performance suggests effective cost management and robust sales activity.
Additionally, Air Lease is expected to benefit from improved lease yields over the coming years, despite the offsetting impact of higher interest expenses. The company’s sales revenue is projected to remain strong, with management expressing willingness to increase sales if market conditions provide compelling reasons. Although there are challenges, such as potential delivery disruptions due to external factors impacting Boeing, the long-term outlook for lease yield improvement and net spread increases supports the positive Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $56.00 price target.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AL in relation to earlier this year.