Air Lease Corp (AL) Receives Consensus Rating of “Hold” from Brokerages

Air Lease Corp (NYSE:AL) has been given an average rating of “Hold” by the twelve analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $48.78.

Several brokerages have recently commented on AL. Zacks Investment Research raised shares of Air Lease from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine downgraded shares of Air Lease from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Cowen upped their price objective 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. Credit Suisse Group upped their price objective on shares of Air Lease from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Finally, UBS Group upped their price objective 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.

Shares of Air Lease (NYSE AL) traded up $0.19 during trading hours on Tuesday, hitting $46.06. 444,160 shares of the stock traded hands, compared to its average volume of 630,869. The company has a market capitalization of $4,760.00, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 0.72 and a beta of 1.70. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.53. Air Lease has a 52-week low of $34.42 and a 52-week high of $50.70.

In other Air Lease news, EVP Kishore Korde sold 2,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $49.16, for a total value of $98,320.00. Following the sale, the executive vice president now owns 78,976 shares in the company, valued at $3,882,460.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jie Chen sold 4,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $48.81, for a total transaction of $195,240.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 81,000 shares of company stock valued at $3,661,430. 9.76% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. QS Investors LLC grew its holdings in Air Lease by 0.6% in the second quarter. QS Investors LLC now owns 3,464 shares of the transportation company’s stock worth $129,000 after purchasing an additional 21 shares during the period. Advisory Services Network LLC grew its holdings in Air Lease by 0.8% in the second quarter. Advisory Services Network LLC now owns 23,589 shares of the transportation company’s stock worth $881,000 after purchasing an additional 198 shares during the period. Suntrust Banks Inc. grew its holdings in Air Lease by 17.9% in the fourth quarter. Suntrust Banks Inc. now owns 7,625 shares of the transportation company’s stock worth $366,000 after purchasing an additional 1,159 shares during the period. UBS Asset Management Americas Inc. grew its holdings in Air Lease by 1.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 103,767 shares of the transportation company’s stock worth $4,990,000 after purchasing an additional 1,521 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Air Lease by 48.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,333 shares of the transportation company’s stock worth $256,000 after purchasing an additional 1,734 shares during the period. Institutional investors and hedge funds own 90.67% of the company’s stock.

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Air Lease Company Profile

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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