Air Lease Co. (NYSE:AL) Receives Average Recommendation of "Moderate Buy" from Analysts

Air Lease Co. (NYSE:AL - Get Free Report) has received a consensus rating of "Moderate Buy" from the five research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $55.67.

AL has been the subject of a number of research analyst reports. UBS Group set a $50.00 price target on Air Lease in a report on Friday. JPMorgan Chase & Co. boosted their price objective on Air Lease from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Bank of America lowered shares of Air Lease from a "buy" rating to an "underperform" rating and reduced their target price for the company from $72.00 to $50.00 in a research note on Friday. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $65.00 price target on shares of Air Lease in a research note on Thursday, November 21st.

Air Lease Price Performance

Shares of NYSE AL traded up $0.37 during mid-day trading on Friday, hitting $43.75. 1,028,340 shares of the stock were exchanged, compared to its average volume of 702,270. Air Lease has a twelve month low of $39.43 and a twelve month high of $52.31. The stock's fifty day simple moving average is $46.95 and its two-hundred day simple moving average is $46.64. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $4.87 billion, a P/E ratio of 13.14, a PEG ratio of 1.33 and a beta of 1.60.

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

Air Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.01%. The ex-dividend date is Tuesday, March 18th. Air Lease's payout ratio is presently 26.43%.

Institutional Investors Weigh In On Air Lease

Several large investors have recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new position in shares of Air Lease during the 4th quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new position in Air Lease in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Air Lease in the third quarter valued at approximately $31,000. Engine Capital Management LP bought a new stake in shares of Air Lease during the fourth quarter worth $36,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Air Lease by 5,245.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,069 shares of the transportation company's stock worth $52,000 after acquiring an additional 1,049 shares during the period. 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.