Air Lease Co. (NYSE:AL) Receives $58.50 Average Price Target from Brokerages

Air Lease Co. (NYSE:AL) has received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $56.80.

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price target on shares of Air Lease in a research note on Thursday, November 21st. Bank of America downgraded shares of Air Lease from a “buy” rating to an “underperform” rating and cut their target price for the stock from $72.00 to $50.00 in a research note on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of Air Lease from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th.

Air Lease Price Performance

Air Lease stock opened at $45.88 on Friday. The company’s 50 day simple moving average is $47.04 and its 200-day simple moving average is $46.65. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.33 and a beta of 1.60. Air Lease has a 1 year low of $39.43 and a 1 year high of $52.31. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37.

Air Lease (NYSE:AL) last released its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a net margin of 15.65% and a return on equity of 8.01%. As a group, equities research analysts expect that Air Lease will post 5.16 earnings per share for the current year.

Air Lease Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease’s payout ratio is 26.43%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Air Lease during the 3rd quarter worth $872,000. BCGM Wealth Management LLC purchased a new position in shares of Air Lease in the 3rd quarter valued at about $1,899,000. Charles Schwab Investment Management Inc. grew its stake in Air Lease by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,115,221 shares of the transportation company’s stock valued at $50,508,000 after acquiring an additional 36,596 shares during the last quarter. Highland Peak Capital LLC acquired a new stake in Air Lease in the 3rd quarter valued at about $7,066,000. Finally, Loomis Sayles & Co. L P acquired a new stake in Air Lease in the 3rd quarter valued at about $18,289,000. Institutional investors and hedge funds own 94.59% of the company’s stock.

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.