Air Lease (AL – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Moshe Orenbuch from TD Cowen reiterated a Buy rating on the stock and has a $55.00 price target.
Moshe Orenbuch has given his Buy rating due to a combination of factors that highlight Air Lease’s strong financial performance and strategic positioning. The company reported higher-than-expected earnings per share, driven by increased revenue from aircraft sales and leasing, which exceeded forecasts. This positive revenue performance was slightly offset by higher expenses, mainly due to one-time retirement payouts.
Furthermore, Air Lease’s financial health is bolstered by significant insurance recoveries, which are expected to improve its leverage ratio and support future capital expenditures. The company also plans to initiate a share buyback program, indicating confidence in its valuation and financial stability. Additionally, strong demand for aircraft and a robust sales pipeline suggest continued growth, with management maintaining optimistic sales guidance for the coming years.