NYSE:AL

Air Lease (AL) Stock Price, News & Analysis

$51.00
-0.40 (-0.78%)
(As of 10:46 AM ET)
Today's Range
$50.40
$51.13
50-Day Range
$39.76
$51.44
52-Week Range
$33.33
$51.77
Volume
76,492 shs
Average Volume
1.33 million shs
Market Capitalization
$5.68 billion
P/E Ratio
9.90
Dividend Yield
1.65%
Price Target
$53.25

Air Lease MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
4.3% Upside
$53.25 Price Target
Short Interest
Healthy
4.32% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.63
Upright™ Environmental Score
News Sentiment
0.81mentions of Air Lease in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$3.71 M Sold Last Quarter
Proj. Earnings Growth
21.99%
From $5.64 to $6.88 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.83 out of 5 stars

Transportation Sector

18th out of 113 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

2nd out of 12 stocks

AL stock logo

About Air Lease Stock (NYSE:AL)

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. As of December 31, 2023, it owned a fleet of 463 aircraft, including 345 narrowbody aircraft and 118 widebody aircraft. Air Lease Corporation was incorporated in 2010 and is headquartered in Los Angeles, California.

AL Stock Price History

AL Stock News Headlines

Air Lease Corporation (AL)
Mysterious Gold Leverage Just Announced
World's biggest multibillionaire investor group is buying THIS by the tons Most folks have completely missed the fact that there's one group of investors so powerful they're literally buying ONE THING by the tons… Stacking it in their locked vaults on pallets in record numbers.
Air Lease (NYSE:AL) Price Target Raised to $55.00 at Barclays
Mysterious Gold Leverage Just Announced
World's biggest multibillionaire investor group is buying THIS by the tons Most folks have completely missed the fact that there's one group of investors so powerful they're literally buying ONE THING by the tons… Stacking it in their locked vaults on pallets in record numbers.
MPD investigating fatal crash on I-395
See More Headlines
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Company Calendar

Last Earnings
2/15/2024
Ex-Dividend for 4/10 Dividend
3/14/2024
Dividend Payable
4/10/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
Trading Companies & Distributors
CUSIP
00912X30
Employees
163
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$53.25
High Stock Price Target
$60.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+3.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$614.62 million
Pretax Margin
28.07%

Debt

Sales & Book Value

Annual Sales
$2.68 billion
Cash Flow
$16.96 per share
Book Value
$64.49 per share

Miscellaneous

Free Float
103,972,000
Market Cap
$5.72 billion
Optionable
Optionable
Beta
1.65
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Key Executives


AL Stock Analysis - Frequently Asked Questions

Should I buy or sell Air Lease stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Air Lease in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AL shares.
View AL analyst ratings
or view top-rated stocks.

What is Air Lease's stock price target for 2024?

4 Wall Street analysts have issued twelve-month target prices for Air Lease's stock. Their AL share price targets range from $43.00 to $60.00. On average, they predict the company's stock price to reach $53.25 in the next year. This suggests a possible upside of 4.3% from the stock's current price.
View analysts price targets for AL
or view top-rated stocks among Wall Street analysts.

How have AL shares performed in 2024?

Air Lease's stock was trading at $41.94 at the beginning of 2024. Since then, AL stock has increased by 21.7% and is now trading at $51.04.
View the best growth stocks for 2024 here
.

Are investors shorting Air Lease?

Air Lease saw a decline in short interest in April. As of April 15th, there was short interest totaling 4,470,000 shares, a decline of 15.8% from the March 31st total of 5,310,000 shares. Based on an average trading volume of 1,500,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 4.3% of the company's stock are sold short.
View Air Lease's Short Interest
.

When is Air Lease's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our AL earnings forecast
.

How can I listen to Air Lease's earnings call?

Air Lease will be holding an earnings conference call on Monday, May 6th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "5952437".

How were Air Lease's earnings last quarter?

Air Lease Co. (NYSE:AL) announced its earnings results on Thursday, February, 15th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.79. The transportation company earned $716.57 million during the quarter, compared to the consensus estimate of $672.95 million. Air Lease had a net margin of 22.89% and a trailing twelve-month return on equity of 8.87%. Air Lease's revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 earnings per share.

How often does Air Lease pay dividends? What is the dividend yield for Air Lease?

Air Lease announced a quarterly dividend on Tuesday, February 13th. Shareholders of record on Friday, March 15th will be given a dividend of $0.21 per share on Wednesday, April 10th. This represents a $0.84 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for AL
.

Is Air Lease a good dividend stock?

Air Lease (NYSE:AL) pays an annual dividend of $0.84 per share and currently has a dividend yield of 1.65%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 16.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AL will have a dividend payout ratio of 12.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AL.

What is Ugo Ruffalo's approval rating as Air Lease's CEO?

15 employees have rated Air Lease Chief Executive Officer Ugo Ruffalo on Glassdoor.com. Ugo Ruffalo has an approval rating of 98% among the company's employees. This puts Ugo Ruffalo in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Air Lease own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Air Lease investors own include Alibaba Group (BABA), CVS Health (CVS), Delta Air Lines (DAL), Walt Disney (DIS), Micron Technology (MU), QUALCOMM (QCOM), Intel (INTC), Bank of America (BAC), Advanced Micro Devices (AMD) and NVIDIA (NVDA).

Who are Air Lease's major shareholders?

Air Lease's stock is owned by many different institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (1.81%), Reinhart Partners LLC. (1.29%), Douglas Lane & Associates LLC (0.80%), Raymond James & Associates (0.38%), Parkside Investments LLC (0.17%) and Ellis Investment Partners LLC (0.06%). Insiders that own company stock include Alex A Khatibi, Carol Hyland Forsyte, Grant A Levy, John L Plueger, Kishore Korde, Steven F Udvar-Hazy and Yvette Hollingsworth Clark.
View institutional ownership trends
.

How do I buy shares of Air Lease?

Shares of AL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AL) was last updated on 4/25/2024 by MarketBeat.com Staff

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