Air Lease Corp Receives Buy Rating from Deutsche Bank (AL)
A number of other analysts have also recently weighed in on AL. Analysts at Zacks downgraded shares of Air Lease Corp from an “outperform” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $43.20 price target on the stock. Separately, 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, August 4th. They now have a $49.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at RBC Capital raised their price target on shares of Air Lease Corp from $48.00 to $49.00 in a research note on Friday, July 18th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $42.15.
Air Lease Corp (NYSE:AL) traded up 2.56% on Tuesday, hitting $38.87. The stock had a trading volume of 490,424 shares. Air Lease Corp has a 52-week low of $25.86 and a 52-week high of $42.89. The stock’s 50-day moving average is $36.71 and its 200-day moving average is $37.27. The company has a market cap of $3.980 billion and a price-to-earnings ratio of 17.55.
Air Lease Corp (NYSE:AL) last announced its earnings results on Thursday, August 7th. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.06. The company had revenue of $256.30 million for the quarter, compared to the consensus estimate of $246.16 million. During the same quarter last year, the company posted $0.41 earnings per share. Air Lease Corp’s revenue was up 23.3% compared to the same quarter last year. Analysts expect that Air Lease Corp will post $2.34 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 6th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Thursday, September 11th.
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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