Air Lease Corporation (NYSE:AL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Air Lease Corporation (NYSE:AL) have received an average rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $66.00.

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Air Lease from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Air Lease in a research report on Wednesday, January 21st. Finally, Barclays restated an “equal weight” rating and set a $65.00 price objective (down from $68.00) on shares of Air Lease in a research note on Tuesday, January 6th.

Air Lease Trading Up 0.1%

NYSE AL opened at $64.79 on Friday. Air Lease has a 52 week low of $38.25 and a 52 week high of $64.96. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.46. The stock’s 50 day moving average price is $64.65 and its two-hundred day moving average price is $64.13. The stock has a market capitalization of $7.26 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 0.54 and a beta of 1.11.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, February 12th. The transportation company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.74. The company had revenue of $679.54 million during the quarter, compared to analysts’ expectations of $782.67 million. Air Lease had a net margin of 35.72% and a return on equity of 8.54%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the business earned $0.83 EPS. As a group, analysts anticipate that Air Lease will post 5.16 earnings per share for the current fiscal year.

Air Lease Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 7th. Investors of record on Monday, March 2nd will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, March 2nd. Air Lease’s dividend payout ratio is presently 9.45%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Mather Group LLC. bought a new stake in shares of Air Lease during the 3rd quarter worth approximately $29,000. True Wealth Design LLC grew its stake in shares of Air Lease by 2,980.0% in the third quarter. True Wealth Design LLC now owns 462 shares of the transportation company’s stock valued at $29,000 after buying an additional 447 shares in the last quarter. First Horizon Corp bought a new position in shares of Air Lease in the third quarter valued at $31,000. Los Angeles Capital Management LLC acquired a new position in Air Lease during the fourth quarter worth $32,000. Finally, Nisa Investment Advisors LLC increased its holdings in Air Lease by 129.6% during the third quarter. Nisa Investment Advisors LLC now owns 528 shares of the transportation company’s stock worth $34,000 after buying an additional 298 shares during the last quarter. 94.59% of the stock is currently owned by institutional investors.

Air Lease Company Profile

Air Lease Corporation (NYSE: AL) is a leading aircraft leasing company that acquires commercial jet aircraft and leases them to airlines worldwide. The firm’s core business activities include direct aircraft acquisition, lease management and portfolio remarketing. By structuring sale‐and‐leaseback transactions, operating leases and secured loans, Air Lease provides flexible financing solutions that enable carriers to modernize their fleets without committing large amounts of capital to ownership.

Founded in 2010 and headquartered in Los Angeles, Air Lease Corporation serves a diverse customer base spanning North America, Europe, Asia, Latin America and the Middle East.