Air Lease Co. (NYSE:AL) Receives $53.80 Consensus PT from Brokerages

Air Lease Co. (NYSE:AL) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $53.80.

Several research analysts recently issued reports on AL shares. TD Cowen dropped their price target on shares of Air Lease from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, May 7th. Barclays raised their price objective on shares of Air Lease from $48.00 to $55.00 and gave the stock an “overweight” rating in a report on Tuesday, April 16th.

Air Lease Stock Performance

NYSE:AL opened at $49.47 on Friday. Air Lease has a 12-month low of $33.33 and a 12-month high of $52.31. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $5.51 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.04 and a beta of 1.59. The firm has a 50-day moving average price of $47.40 and a 200 day moving average price of $46.26.

Air Lease (NYSE:AL) last posted its quarterly earnings results on Monday, May 6th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.07). Air Lease had a return on equity of 9.00% and a net margin of 21.89%. The business had revenue of $663.31 million during the quarter, compared to analyst estimates of $677.26 million. During the same period last year, the company earned $1.06 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Research analysts anticipate that Air Lease will post 6.68 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Tuesday, June 4th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, June 4th. Air Lease’s payout ratio is 16.94%.

Institutional Trading of Air Lease

A number of hedge funds and other institutional investors have recently modified their holdings of AL. Mather Group LLC. acquired a new stake in shares of Air Lease in the first quarter valued at approximately $31,000. Hexagon Capital Partners LLC increased its holdings in shares of Air Lease by 1,341.4% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,254 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 1,167 shares in the last quarter. Neo Ivy Capital Management increased its holdings in shares of Air Lease by 32.4% in the fourth quarter. Neo Ivy Capital Management now owns 1,350 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 330 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Air Lease by 108.1% in the second quarter. GAMMA Investing LLC now owns 1,201 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 624 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of Air Lease in the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Company Profile

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.