Air Lease Corp Receives Consensus Recommendation of “Buy” from Analysts (NYSE:AL)
Shares of Air Lease Corp (NYSE:AL) have earned a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, American Banking News reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $39.86.
A number of analysts have recently weighed in on AL shares. Analysts at TheStreet upgraded shares of Air Lease Corp from a “sell” rating to a “hold” rating in a research note on Wednesday. Separately, 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. Finally, 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.
In other Air Lease Corp news, EVP Grant Levy sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $36.00, for a total transaction of $108,000.00. Following the completion of the transaction, the executive vice president now directly owns 150,178 shares in the company, valued at approximately $5,406,408. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Air Lease Corp (NYSE:AL) traded up 0.14% on Thursday, hitting $36.53. 213,053 shares of the company’s stock traded hands. Air Lease Corp has a 52-week low of $25.13 and a 52-week high of $38.15. The stock has a 50-day moving average of $36.80 and a 200-day moving average of $32.81. The company has a market cap of $3.720 billion and a P/E ratio of 20.26.
Air Lease Corp (NYSE:AL) last released its earnings data 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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