Air Lease Corporation (NYSE:AL) Receives Consensus Rating of “Hold” from Brokerages

Air Lease Corporation (NYSE:AL) has been given an average rating of “Hold” by the nine research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $60.2857.

A number of equities research analysts have commented on AL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Air Lease in a research report on Wednesday, October 8th. Barclays reiterated an “overweight” rating and issued a $67.00 price target (up previously from $56.00) on shares of Air Lease in a research report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft lowered Air Lease from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Wednesday, September 3rd. TD Cowen lowered Air Lease from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Cowen lowered Air Lease from a “buy” rating to a “hold” rating in a research report on Wednesday, September 3rd.

Air Lease Stock Performance

NYSE AL opened at $63.86 on Thursday. The business’s 50-day moving average price is $63.30 and its two-hundred day moving average price is $58.38. Air Lease has a 12 month low of $38.25 and a 12 month high of $64.30. The firm has a market capitalization of $7.14 billion, a PE ratio of 7.75, a price-to-earnings-growth ratio of 0.66 and a beta of 1.37. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.47.

Air Lease (NYSE:AL) last released its quarterly earnings results on Monday, November 3rd. The transportation company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.05. Air Lease had a return on equity of 7.99% and a net margin of 34.04%.During the same period last year, the firm posted $0.82 EPS. Air Lease’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts expect that Air Lease will post 5.16 EPS for the current year.

Insider Activity

In related news, EVP Grant A. Levy sold 5,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $63.57, for a total transaction of $317,850.00. Following the sale, the executive vice president owned 141,316 shares in the company, valued at $8,983,458.12. This represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Beker sold 5,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $63.53, for a total value of $317,650.00. Following the sale, the executive vice president owned 13,970 shares in the company, valued at approximately $887,514.10. The trade was a 26.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 12,000 shares of company stock worth $746,380. 6.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Air Lease

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. acquired a new position in Air Lease during the 3rd quarter worth approximately $29,000. True Wealth Design LLC boosted its holdings in Air Lease by 2,980.0% in the third quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock worth $29,000 after acquiring an additional 447 shares in the last quarter. First Horizon Corp bought a new position in Air Lease in the third quarter worth approximately $31,000. Nisa Investment Advisors LLC boosted its holdings in Air Lease by 129.6% in the third quarter. Nisa Investment Advisors LLC now owns 528 shares of the transportation company’s stock worth $34,000 after acquiring an additional 298 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Air Lease by 273.2% in the second quarter. Parkside Financial Bank & Trust now owns 556 shares of the transportation company’s stock worth $33,000 after acquiring an additional 407 shares in the last quarter. Institutional investors own 94.59% of the company’s stock.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.