JPMorgan Chase & Co. Issues Positive Forecast for Air Lease (NYSE:AL) Stock Price

Air Lease (NYSE:AL) had its price objective boosted by JPMorgan Chase & Co. from $56.00 to $57.00 in a research note published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Separately, The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Air Lease currently has a consensus rating of “Moderate Buy” and an average target price of $57.80.

Air Lease Trading Up 2.1 %

Shares of AL stock opened at $50.49 on Tuesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43. Air Lease has a 1 year low of $39.35 and a 1 year high of $52.31. The stock has a fifty day moving average of $47.40 and a two-hundred day moving average of $46.29. The firm has a market capitalization of $5.62 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59.

Air Lease (NYSE:AL) last announced its quarterly earnings results on Thursday, February 13th. The transportation company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.44. Air Lease had a return on equity of 8.92% and a net margin of 19.58%. As a group, research analysts expect that Air Lease will post 4.65 EPS for the current year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Tuesday, March 18th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, March 18th. Air Lease’s dividend payout ratio is presently 26.43%.

Institutional Investors Weigh In On Air Lease

A number of institutional investors and hedge funds have recently modified their holdings of AL. Eastern Bank acquired a new position in Air Lease during the third quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new position in Air Lease during the fourth quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new position in Air Lease during the third quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new position in Air Lease during the fourth quarter valued at $31,000. Finally, Engine Capital Management LP acquired a new position in Air Lease during the fourth quarter valued at $36,000. 94.59% of the stock is owned by institutional investors and hedge funds.

About Air Lease

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.