The Goldman Sachs Group Reiterates “Buy” Rating for Air Lease (NYSE:AL)

Air Lease (NYSE:ALGet Free Report)‘s stock had its “buy” rating restated by equities research analysts at The Goldman Sachs Group in a report released on Thursday,Benzinga reports. They presently have a $65.00 target price on the transportation company’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 28.38% from the stock’s previous close.

Several other brokerages also recently commented on AL. TD Cowen started coverage on shares of Air Lease in a research note on Monday, July 29th. They issued a “buy” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Air Lease from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Finally, Barclays reduced their price objective on shares of Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Air Lease currently has a consensus rating of “Moderate Buy” and an average target price of $57.60.

Read Our Latest Research Report on AL

Air Lease Stock Up 1.7 %

Shares of NYSE AL opened at $50.63 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease has a 52 week low of $37.65 and a 52 week high of $52.31. The firm’s fifty day moving average is $45.34 and its 200 day moving average is $46.14. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 1.49 and a beta of 1.59.

Hedge Funds Weigh In On Air Lease

A number of hedge funds have recently bought and sold shares of AL. Vanguard Group Inc. boosted its stake in Air Lease by 23.6% in the 1st quarter. Vanguard Group Inc. now owns 12,578,106 shares of the transportation company’s stock worth $647,018,000 after purchasing an additional 2,404,649 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Air Lease by 240.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 138,351 shares of the transportation company’s stock valued at $7,119,000 after acquiring an additional 97,703 shares during the period. American Century Companies Inc. lifted its stake in Air Lease by 5.0% during the 2nd quarter. American Century Companies Inc. now owns 2,433,676 shares of the transportation company’s stock valued at $115,673,000 after acquiring an additional 115,293 shares during the period. Comerica Bank lifted its stake in Air Lease by 32.0% during the 1st quarter. Comerica Bank now owns 138,314 shares of the transportation company’s stock valued at $7,115,000 after acquiring an additional 33,524 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in Air Lease by 7.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 227,921 shares of the transportation company’s stock valued at $10,833,000 after acquiring an additional 16,281 shares during the period. Institutional investors own 94.59% of the company’s stock.

Air Lease Company Profile

(Get Free Report)

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.

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