Air Lease Corp (AL) Given Consensus Rating of “Hold” by Analysts

Air Lease Corp (NYSE:AL) has earned an average rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $48.78.

Several equities analysts have commented on AL shares. Bank of America set a $47.00 target price on shares of Air Lease and gave the company a “hold” rating in a research note on Thursday, October 19th. Royal Bank of Canada reissued a “buy” rating and set a $80.00 target price on shares of Air Lease in a research note on Thursday, November 2nd. Zacks Investment Research cut shares of Air Lease from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Cowen raised their target price on shares of Air Lease from $45.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, UBS Group raised their target price on shares of Air Lease from $30.00 to $31.00 and gave the company a “sell” rating in a research note on Friday, November 10th.

Air Lease (NYSE:AL) opened at $44.57 on Tuesday. The company has a market cap of $4,600.00, a PE ratio of 12.81, a price-to-earnings-growth ratio of 0.68 and a beta of 1.70. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.06 and a current ratio of 1.06. Air Lease has a 52 week low of $34.42 and a 52 week high of $50.70.

In other news, CEO John L. Plueger sold 300,000 shares of Air Lease stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $41.34, for a total value of $12,402,000.00. Following the transaction, the chief executive officer now owns 1,057,310 shares of the company’s stock, valued at approximately $43,709,195.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Grant A. Levy sold 10,000 shares of Air Lease stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $43.88, for a total transaction of $438,800.00. Following the completion of the transaction, the executive vice president now directly owns 163,824 shares in the company, valued at approximately $7,188,597.12. The disclosure for this sale can be found here. Insiders sold a total of 383,000 shares of company stock worth $16,145,030 in the last ninety days. Corporate insiders own 9.76% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors grew its stake in shares of Air Lease by 45.4% in the 2nd quarter. Nationwide Fund Advisors now owns 33,684 shares of the transportation company’s stock worth $1,258,000 after purchasing an additional 10,517 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Air Lease by 18.9% in the 3rd quarter. Prudential Financial Inc. now owns 255,979 shares of the transportation company’s stock worth $10,910,000 after purchasing an additional 40,769 shares during the last quarter. BB&T Securities LLC grew its stake in shares of Air Lease by 45.1% in the 3rd quarter. BB&T Securities LLC now owns 13,156 shares of the transportation company’s stock worth $560,000 after purchasing an additional 4,090 shares during the last quarter. Zweig DiMenna Associates LLC grew its stake 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 purchasing an additional 74,500 shares during the last quarter. Finally, Opera Trading Capital grew its stake in shares of Air Lease by 8.5% in the 3rd quarter. Opera Trading Capital now owns 123,809 shares of the transportation company’s stock worth $5,277,000 after purchasing an additional 9,709 shares during the last quarter. 90.67% of the stock is currently owned by institutional investors.

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About Air Lease

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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