Air Lease Corp (AL) Given Average Recommendation of “Hold” by Analysts
Air Lease Corp (NYSE:AL) has been assigned an average recommendation of “Hold” from the twelve analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $48.78.
A number of equities research analysts have commented on AL shares. Zacks Investment Research downgraded shares of Air Lease from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Royal Bank of Canada lifted their target price on shares of Air Lease from $79.00 to $80.00 and gave the stock a “top pick” rating in a research report on Friday, September 29th. Bank of America set a $47.00 target price on shares of Air Lease and gave the stock a “hold” rating in a research report on Thursday, October 19th. Citigroup started coverage on shares of Air Lease in a research report on Friday, December 8th. They issued a “neutral” rating and a $46.00 target price for the company. Finally, UBS Group lifted their target price on shares of Air Lease from $30.00 to $31.00 and gave the stock a “sell” rating in a research report on Friday, November 10th.
In other news, EVP Marc H. Baer sold 5,000 shares of Air Lease stock in a transaction on Monday, December 4th. The shares were sold at an average price of $44.13, for a total transaction of $220,650.00. Following the transaction, the executive vice president now owns 127,001 shares in the company, valued at approximately $5,604,554.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jie Chen sold 2,000 shares of Air Lease stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $43.82, for a total transaction of $87,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 379,000 shares of company stock worth $15,939,110 in the last quarter. Corporate insiders own 9.76% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. QS Investors LLC lifted its stake in shares of Air Lease by 0.6% during the 2nd quarter. QS Investors LLC now owns 3,464 shares of the transportation company’s stock valued at $129,000 after buying an additional 21 shares in the last quarter. Suntrust Banks Inc. lifted its stake in shares of Air Lease by 0.9% during the 2nd quarter. Suntrust Banks Inc. now owns 12,844 shares of the transportation company’s stock valued at $479,000 after buying an additional 119 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of Air Lease by 0.8% during the 2nd quarter. Advisory Services Network LLC now owns 23,589 shares of the transportation company’s stock valued at $881,000 after buying an additional 198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Air Lease by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,599 shares of the transportation company’s stock valued at $134,000 after buying an additional 331 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Air Lease by 2.9% during the 2nd quarter. HighTower Advisors LLC now owns 50,613 shares of the transportation company’s stock valued at $1,878,000 after buying an additional 1,437 shares in the last quarter. Institutional investors own 91.87% of the company’s stock.
Shares of Air Lease (AL) opened at $48.38 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.06 and a quick ratio of 1.06. Air Lease has a 1 year low of $34.42 and a 1 year high of $50.21. The company has a market cap of $4,990.00, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.20 and a beta of 1.81.
Air Lease (NYSE:AL) last posted its earnings results on Thursday, November 9th. The transportation company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Air Lease had a net margin of 25.67% and a return on equity of 10.87%. The business had revenue of $376.77 million during the quarter, compared to the consensus estimate of $374.61 million. During the same quarter in the previous year, the firm posted $1.43 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. equities analysts expect that Air Lease will post 3.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 14th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Wednesday, December 13th. This is a boost from Air Lease’s previous quarterly dividend of $0.08. Air Lease’s dividend payout ratio (DPR) is currently 11.49%.
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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.
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