Shares of Air Lease Corp (NYSE:AL) have received a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $57.38.
A number of equities analysts have recently weighed in on AL shares. TheStreet raised Air Lease from a “c+” rating to a “b-” rating in a report on Wednesday, January 30th. Zacks Investment Research raised Air Lease from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Friday, January 25th. Goldman Sachs Group started coverage on Air Lease in a report on Monday, April 8th. They issued a “buy” rating and a $52.00 price target for the company. Finally, ValuEngine raised Air Lease from a “strong sell” rating to a “sell” rating in a report on Thursday, April 11th.
AL stock traded up $0.83 during midday trading on Thursday, hitting $38.59. 39,420 shares of the stock were exchanged, compared to its average volume of 938,898. The stock has a market cap of $4.20 billion, a PE ratio of 8.44, a P/E/G ratio of 0.93 and a beta of 2.04. Air Lease has a fifty-two week low of $28.13 and a fifty-two week high of $47.34. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.85 and a current ratio of 0.85.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be issued a $0.13 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.35%. Air Lease’s dividend payout ratio (DPR) is 11.30%.
Large investors have recently made changes to their positions in the company. Permanens Capital L.P. purchased a new stake in shares of Air Lease in the first quarter valued at $26,000. Sageworth Trust Co acquired a new position in shares of Air Lease during the first quarter valued at about $26,000. Penserra Capital Management LLC acquired a new position in shares of Air Lease during the fourth quarter valued at about $27,000. First Mercantile Trust Co. grew its holdings in shares of Air Lease by 41.5% during the fourth quarter. First Mercantile Trust Co. now owns 920 shares of the transportation company’s stock valued at $28,000 after buying an additional 270 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC acquired a new position in shares of Air Lease during the fourth quarter valued at about $30,000. 85.38% of the stock is owned by institutional investors and hedge funds.
Air Lease Company Profile
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.
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