Air Lease’s Stock Poised for Growth: A Comprehensive Analysis of AL’s Financial Strength and Organic Growth Potential

Helane Becker, an analyst from TD Cowen, maintained the Buy rating on Air Lease (ALResearch Report). The associated price target is $47.00.

Helane Becker’s rating of Air Lease’s stock (AL) as a Buy is anchored on a number of key factors. Firstly, Becker sees a strong position for AL to continue its organic growth through aircraft deliveries derived from their order book. There is a positive outlook for sales activity to increase as the delivery of aircraft from OEMs improves, leading to fewer delays in aircraft delivery.

Furthermore, Becker takes into account AL’s recent financial decisions, including the 5% increase in their dividend. This suggests that AL is likely to persist in returning capital to its shareholders, a move that often indicates a confident financial outlook. Additionally, Air Lease’s third-quarter earnings per share stood at $1.10, which favorably compared to both the consensus estimate of $1.03 and the previous year’s EPS of $0.90. Revenues were also on the rise, increasing by 17.5% year-on-year, outperforming the consensus estimate. These positive financial indicators further solidify Becker’s Buy rating.

According to TipRanks, Becker is a top 100 analyst with an average return of 14.8% and a 63.70% success rate. Becker covers the Industrials sector, focusing on stocks such as Air Transport Services, United Parcel, and American Airlines.

In another report released today, Goldman Sachs also reiterated a Buy rating on the stock with a $60.00 price target.

See today’s best-performing stocks on TipRanks >>

TipRanks tracks over 100,000 company insiders, identifying the select few who excel in timing their transactions. By upgrading to TipRanks Premium, you will gain access to this exclusive data and discover crucial insights to guide your investment decisions. Begin your TipRanks Premium journey today.

Air Lease (AL) Company Description:

Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity. The company was founded by Steven F. Udvar-Hazy in January 2010 and is headquartered in Los Angeles, CA.

Read More on AL:

Tags: ,