Air Lease Corp EVP Sells $44,600 in Stock (AL)
Air Lease Corp (NYSE:AL) EVP Alex A. Khatibi unloaded 1,250 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $35.68, for a total value of $44,600.00. Following the completion of the sale, the executive vice president now directly owns 135,494 shares of the company’s stock, valued at approximately $4,834,426. The sale was disclosed in a filing with the SEC, which is available at this link.
Air Lease Corp (NYSE:AL) traded up 2.95% during mid-day trading on Monday, hitting $35.55. 816,026 shares of the company’s stock traded hands. Air Lease Corp has a 52 week low of $25.74 and a 52 week high of $42.89. The stock has a 50-day moving average of $37.40 and a 200-day moving average of $36.5. The company has a market cap of $3.623 billion and a price-to-earnings ratio of 17.36.
Air Lease Corp (NYSE:AL) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.07. The company had revenue of $246.28 million for the quarter, compared to the consensus estimate of $238.42 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 28.3% on a year-over-year basis. Analysts expect that Air Lease Corp will post $2.30 EPS for the current fiscal year.
A number of analysts have recently weighed in on AL shares. Analysts at RBC Capital upgraded shares of Air Lease Corp from an “outperform” rating to a “top pick” rating in a research note on Monday. They now have a $49.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of Air Lease Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 10th. They now have a $43.20 price target on the stock. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.36.
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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