Air Lease (NYSE:AL) Upgraded at StockNews.com

Air Lease (NYSE:AL) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other equities analysts have also issued reports on AL. JPMorgan Chase & Co. upped their target price on shares of Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Bank of America downgraded Air Lease from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $72.00 to $50.00 in a report on Friday, March 7th. Finally, UBS Group set a $50.00 target price on Air Lease in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.67.

Air Lease Trading Down 0.3 %

Shares of AL opened at $53.59 on Wednesday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.33 and a beta of 1.33. The stock has a fifty day moving average price of $45.76 and a two-hundred day moving average price of $47.05. Air Lease has a 52-week low of $38.25 and a 52-week high of $54.70.

Air Lease (NYSE:AL) last released its quarterly earnings results on Monday, May 5th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.27. The business had revenue of $738.28 million during the quarter, compared to analysts’ expectations of $709.70 million. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 earnings per share. Analysts predict that Air Lease will post 5.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Air Lease

Several institutional investors and hedge funds have recently added to or reduced their stakes in AL. Alpine Bank Wealth Management acquired a new stake in shares of Air Lease in the first quarter valued at about $25,000. Aster Capital Management DIFC Ltd bought a new position in Air Lease in the fourth quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Air Lease during the 3rd quarter worth approximately $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Air Lease during the 4th quarter worth approximately $31,000. Finally, Engine Capital Management LP acquired a new stake in shares of Air Lease in the 4th quarter valued at approximately $36,000. 94.59% of the stock is owned by institutional investors.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.