Air Lease (NYSE:AL) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Other equities research analysts have also issued research reports about the company. Bank of America lowered Air Lease from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research report on Wednesday, August 9th. BidaskClub lowered Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Air Lease from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Cowen upped their target price on Air Lease from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada upped their target price on Air Lease from $79.00 to $80.00 and gave the company a “top pick” rating in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.78.

Shares of Air Lease (NYSE:AL) traded up $0.39 during trading on Friday, hitting $43.69. The company had a trading volume of 784,905 shares, compared to its average volume of 741,231. Air Lease has a 52 week low of $34.21 and a 52 week high of $45.15. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.53. The company has a market cap of $4,510.00, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 1.28 and a beta of 1.83.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, November 9th. The transportation company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. Air Lease had a return on equity of 10.87% and a net margin of 25.67%. The company had revenue of $376.77 million for the quarter, compared to analyst estimates of $374.61 million. During the same quarter in the prior year, the company earned $1.43 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. analysts predict that Air Lease will post 3.44 earnings per share for the current fiscal year.

In other Air Lease news, EVP Alex A. Khatibi sold 11,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $40.00, for a total value of $440,000.00. Following the transaction, the executive vice president now owns 142,786 shares in the company, valued at $5,711,440. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jie Chen sold 4,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $43.00, for a total value of $172,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 321,000 shares of company stock worth $13,269,840. Corporate insiders own 9.76% of the company’s stock.

A number of large investors have recently made changes to their positions in AL. Boston Partners boosted its holdings in Air Lease by 70.7% in the second quarter. Boston Partners now owns 8,494,727 shares of the transportation company’s stock worth $317,363,000 after acquiring an additional 3,519,693 shares in the last quarter. Cedar Hill Associates LLC bought a new position in Air Lease in the second quarter worth approximately $7,768,000. LSV Asset Management raised its stake in shares of Air Lease by 225.9% in the second quarter. LSV Asset Management now owns 266,183 shares of the transportation company’s stock worth $9,944,000 after purchasing an additional 184,500 shares during the last quarter. UBS Oconnor LLC purchased a new stake in shares of Air Lease in the second quarter worth approximately $6,818,000. Finally, Cobalt Capital Management Inc. raised its stake in shares of Air Lease by 29.3% in the second quarter. Cobalt Capital Management Inc. now owns 771,629 shares of the transportation company’s stock worth $28,828,000 after purchasing an additional 175,000 shares during the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

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Air Lease Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

Analyst Recommendations for Air Lease (NYSE:AL)

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