Analyst Moshe Orenbuch from TD Cowen maintained a Buy rating on Air Lease and keeping the price target at $67.00.
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Moshe Orenbuch’s rating is based on several positive indicators for Air Lease. The company reported a higher-than-expected earnings per share, driven by increased lease revenue and higher lease yields. This strong fundamental performance suggests a robust revenue stream, which is a positive sign for investors.
Additionally, Air Lease’s leverage is below its target, indicating a strong financial position. The company also has significant excess capital and potential for future capital returns, including a possible buyback. These factors, combined with a strong gain on aircraft sales, contribute to a favorable outlook, supporting the Buy rating.
Based on the recent corporate insider activity of 52 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.