Air Lease (NYSE:AL) Price Target Raised to $55.00 at Barclays

Air Lease (NYSE:AL) had its price target upped by Barclays from $48.00 to $55.00 in a research report report published on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of Air Lease from a buy rating to a hold rating in a report on Friday, March 29th. BMO Capital Markets increased their price objective on shares of Air Lease from $54.00 to $55.00 and gave the company an outperform rating in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Air Lease has a consensus rating of Moderate Buy and a consensus price target of $53.25.

Air Lease Price Performance

NYSE AL opened at $48.46 on Tuesday. Air Lease has a 12 month low of $33.33 and a 12 month high of $51.77. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 0.66 and a beta of 1.65. The company’s 50 day moving average is $45.33 and its two-hundred day moving average is $41.15. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 2.68.

Air Lease (NYSE:AL) last released its earnings results on Thursday, February 15th. The transportation company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.79. Air Lease had a net margin of 22.89% and a return on equity of 8.87%. The company had revenue of $716.57 million for the quarter, compared to analysts’ expectations of $672.95 million. During the same quarter last year, the business earned $1.21 EPS. The firm’s revenue was up 19.1% compared to the same quarter last year. As a group, research analysts anticipate that Air Lease will post 5.64 earnings per share for the current year.

Air Lease Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 15th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Thursday, March 14th. Air Lease’s dividend payout ratio (DPR) is presently 16.31%.

Insider Activity at Air Lease

In related news, EVP Alex A. Khatibi sold 11,199 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $47.37, for a total value of $530,496.63. Following the completion of the transaction, the executive vice president now directly owns 76,300 shares of the company’s stock, valued at $3,614,331. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO John L. Plueger sold 28,515 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $40.06, for a total value of $1,142,310.90. Following the completion of the transaction, the chief executive officer now directly owns 808,842 shares of the company’s stock, valued at $32,402,210.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Alex A. Khatibi sold 11,199 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.37, for a total value of $530,496.63. Following the completion of the sale, the executive vice president now owns 76,300 shares of the company’s stock, valued at $3,614,331. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,646 shares of company stock valued at $3,705,152. 6.64% of the stock is owned by corporate insiders.

Institutional Trading of Air Lease

A number of institutional investors have recently bought and sold shares of AL. Invesco Ltd. lifted its position in Air Lease by 141.3% in the first quarter. Invesco Ltd. now owns 3,714,362 shares of the transportation company’s stock worth $165,846,000 after buying an additional 2,175,100 shares during the last quarter. Wellington Management Group LLP lifted its position in Air Lease by 36.7% in the first quarter. Wellington Management Group LLP now owns 5,446,382 shares of the transportation company’s stock worth $243,180,000 after buying an additional 1,460,769 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Air Lease in the first quarter worth $58,077,000. Penn Capital Management Company LLC bought a new stake in Air Lease in the first quarter worth $46,494,000. Finally, Norges Bank bought a new stake in Air Lease in the fourth quarter worth $41,846,000. 94.59% of the stock is currently owned by institutional investors.

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.