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Investing.com - Citi has reaffirmed its Buy rating on Air Lease Corp (NYSE:AL) with a price target of $68.00, following the company’s second-quarter activities report. The stock, currently trading near its 52-week high of $60.41, has shown impressive momentum with a 26% return over the past six months.
The investment bank described Air Lease’s quarterly report as "modestly positive," noting that the company’s fleet scale and implied lease revenue aligned with Citi’s expectations.
Citi observed that proceeds from insurance claims were slightly better than anticipated, though net fleet investment came in higher than the bank had projected.
The higher net fleet investment could potentially lead to increased net interest expense for the aircraft leasing company, according to the bank’s analysis.
Despite this concern, Citi stated it "remains constructive on overall aircraft leasing trend lines at this juncture," supporting its decision to maintain the Buy rating on Air Lease stock. Trading at a P/E ratio of 10.32, the stock has attracted varied analyst targets ranging from $50 to $69. Get deeper insights and access to 14 additional exclusive InvestingPro Tips for Air Lease Corp.
In other recent news, Air Lease Corporation reported a significant net benefit of $344 million from insurance settlements related to its former Russian fleet during the second quarter of 2025. The company also delivered 12 new aircraft and made aircraft investments totaling approximately $890 million. In a separate announcement, Air Lease disclosed it had recovered $112.4 million in insurance proceeds for aircraft detained in Russia, adding to previous settlements and bringing the total recovery to $763.5 million. Analyst firms have responded to these developments, with Citi upgrading Air Lease’s stock rating from Neutral to Buy and raising the price target from $45 to $68, citing a new capital allocation strategy. TD Cowen also raised its price target for Air Lease to $55, maintaining a Buy rating after the company reported earnings that surpassed expectations, with an EPS of $0.89 excluding Russia recovery. Air Lease’s revenue from aircraft sales and trading reached $93 million, significantly higher than anticipated, while lease revenue was slightly above forecasts. Despite higher-than-expected expenses due to administrative and retirement-related costs, the company’s financial performance was viewed positively by analysts.
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