Air Lease Corp (AL) Receives $48.78 Consensus Target Price from Brokerages

Air Lease Corp (NYSE:AL) has earned an average recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $48.78.

Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Air Lease from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Tuesday, January 9th. ValuEngine downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Citigroup began coverage on shares of Air Lease in a report on Friday, December 8th. They issued a “neutral” rating and a $46.00 price target on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $80.00 price target on shares of Air Lease in a report on Thursday, November 2nd. Finally, Bank of America set a $47.00 price target on shares of Air Lease and gave the company a “hold” rating in a report on Thursday, October 19th.

In other Air Lease news, EVP Jie Chen sold 2,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $43.30, for a total transaction of $86,600.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Marc H. Baer sold 5,000 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $44.13, for a total transaction of $220,650.00. Following the sale, the executive vice president now directly owns 127,001 shares in the company, valued at $5,604,554.13. The disclosure for this sale can be found here. Insiders sold 81,000 shares of company stock worth $3,661,430 over the last ninety days. 9.76% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of AL. Two Sigma Investments LP raised its holdings in shares of Air Lease by 196.4% during the fourth quarter. Two Sigma Investments LP now owns 278,917 shares of the transportation company’s stock worth $13,413,000 after purchasing an additional 184,821 shares during the period. Boston Partners raised its holdings in shares of Air Lease by 2.0% during the third quarter. Boston Partners now owns 8,664,181 shares of the transportation company’s stock worth $369,267,000 after purchasing an additional 169,454 shares during the period. Stevens Capital Management LP acquired a new stake in shares of Air Lease in the 3rd quarter worth about $3,462,000. Zweig DiMenna Associates LLC increased its holdings in shares of Air Lease by 90.4% in the 3rd quarter. Zweig DiMenna Associates LLC now owns 156,913 shares of the transportation company’s stock worth $6,688,000 after acquiring an additional 74,500 shares during the period. Finally, Bamco Inc. NY increased its holdings in shares of Air Lease by 3.1% in the 3rd quarter. Bamco Inc. NY now owns 2,369,082 shares of the transportation company’s stock worth $100,970,000 after acquiring an additional 70,200 shares during the period. 90.67% of the stock is currently owned by institutional investors.

Shares of Air Lease (AL) traded up $0.40 during mid-day trading on Tuesday, hitting $46.27. 210,040 shares of the stock traded hands, compared to its average volume of 646,663. The stock has a market capitalization of $4,740.79, a P/E ratio of 13.22, a PEG ratio of 0.72 and a beta of 1.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.53. Air Lease has a fifty-two week low of $34.42 and a fifty-two week high of $50.70.

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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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