Air Lease (AL) Receives News Sentiment Score of 0.09
Press coverage about Air Lease (NYSE:AL) has trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Air Lease earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 46.2442051814371 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Research Reports on Rental & Leasing Services Stocks — Red Rock Resorts, Triton Intl., Aaron’s, and Air Lease – PR Newswire (press release) (prnewswire.com)
- Old West Investment Management Has Cut Air Lease (AL) Stake; Spar Group (SGRP)’s Sentiment Is 1 – Hill Country Times (hillcountrytimes.com)
- Air Lease (AL) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Air Lease Corporation Announces Pricing of Public Offering of $550 Million of 2.50% Unsecured Senior Notes due … – Nasdaq (nasdaq.com)
- AL Crosses Above Average Analyst Target – Nasdaq (nasdaq.com)
Air Lease (AL) opened at $50.13 on Friday. Air Lease has a 52-week low of $34.42 and a 52-week high of $50.21. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $5,180.00, a P/E ratio of 14.41, a P/E/G ratio of 1.27 and a beta of 1.81.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th were given a $0.10 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.80%. This is a positive change from Air Lease’s previous quarterly dividend of $0.08. Air Lease’s dividend payout ratio is presently 11.49%.
Several equities analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Cowen upped their price objective on shares of Air Lease from $45.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Credit Suisse Group upped their price objective on shares of Air Lease from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, UBS Group upped their price objective on shares of Air Lease from $30.00 to $31.00 and gave the company a “sell” rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.40.
In other news, CEO John L. Plueger sold 300,000 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $41.34, for a total value of $12,402,000.00. Following the completion of the sale, the chief executive officer now owns 1,057,310 shares of the company’s stock, valued at $43,709,195.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Grant A. Levy sold 10,000 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $43.88, for a total transaction of $438,800.00. Following the completion of the sale, the executive vice president now directly owns 163,824 shares of the company’s stock, valued at approximately $7,188,597.12. The disclosure for this sale can be found here. Insiders sold 379,000 shares of company stock valued at $15,939,110 in the last three months. Company insiders own 9.76% of the company’s stock.
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About Air Lease
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.
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