Air Lease Corp EVP Grant A. Levy Sells 3,000 Shares (AL)
Air Lease Corp (NYSE:AL) EVP Grant A. Levy sold 3,000 shares of Air Lease Corp stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $36.00, for a total value of $108,000.00. Following the transaction, the executive vice president now directly owns 150,178 shares of the company’s stock, valued at approximately $5,406,408. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
AL has been the subject of a number of recent research reports. Analysts at Bank of America reiterated a “neutral” rating on shares of Air Lease Corp in a research note on Tuesday, March 11th. They now have a $40.00 price target on the stock, up previously from $28.50. Separately, analysts at Deutsche Bank raised their price target on shares of Air Lease Corp from $37.00 to $44.00 in a research note on Friday, February 28th. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Air Lease Corp from $41.00 to $43.00 in a research note on Friday, February 28th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.86.
Shares of Air Lease Corp (NYSE:AL) traded down 0.03% during mid-day trading on Tuesday, hitting $36.00. The stock had a trading volume of 726,095 shares. Air Lease Corp has a 52 week low of $25.13 and a 52 week high of $38.15. The stock’s 50-day moving average is $36.70 and its 200-day moving average is $32.45. The company has a market cap of $3.666 billion and a P/E ratio of 19.99.
Air Lease Corp (NYSE:AL) last announced its earnings results on Thursday, February 27th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.48 by $0.07. The company had revenue of $242.90 million for the quarter, compared to the consensus estimate of $226.39 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis. On average, analysts predict that Air Lease Corp will post $2.28 earnings per share for the current fiscal year.
Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing commercial aircraft which the Company, in turn, lease to airlines around the world.
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