Air Lease (NYSE:AL) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Air Lease (NYSE:AL – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the transportation company’s stock.

AL has been the topic of several other research reports. Credit Suisse Group restated an “outperform” rating and set a $55.00 target price on shares of Air Lease in a research report on Friday, February 17th. The Goldman Sachs Group initiated coverage on Air Lease in a research report on Tuesday, February 28th. They issued a “buy” rating and a $59.00 price objective on the stock. Finally, Citigroup initiated coverage on Air Lease in a research report on Monday. They issued a “neutral” rating and a $41.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.75.

Air Lease Stock Performance

AL stock opened at $38.92 on Thursday. Air Lease has a 12-month low of $29.75 and a 12-month high of $46.20. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.88. The business has a 50 day moving average of $38.52 and a 200-day moving average of $39.73. The firm has a market cap of $4.32 billion, a PE ratio of 9.45, a P/E/G ratio of 0.56 and a beta of 1.77.

Air Lease (NYSE:AL – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The transportation company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.05 by $0.16. Air Lease had a return on equity of 7.60% and a net margin of 21.25%. The business had revenue of $601.61 million for the quarter, compared to the consensus estimate of $598.62 million. As a group, sell-side analysts expect that Air Lease will post 4.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC purchased a new position in shares of Air Lease in the first quarter worth about $28,000. Neo Ivy Capital Management purchased a new position in shares of Air Lease in the second quarter worth about $31,000. Ellevest Inc. increased its holdings in shares of Air Lease by 154.0% in the fourth quarter. Ellevest Inc. now owns 1,161 shares of the transportation company’s stock worth $45,000 after buying an additional 704 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of Air Lease in the third quarter worth about $43,000. Finally, Lazard Asset Management LLC purchased a new position in shares of Air Lease in the first quarter worth about $66,000. Institutional investors own 88.77% of the company’s stock.

About Air Lease

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Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity. The company was founded by Steven F.