Air Lease Co. (NYSE:AL) Given Average Rating of "Buy" by Analysts

Air Lease Co. (NYSE:AL - Get Free Report) has earned a consensus rating of "Buy" from the five brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is $57.60.

Several equities analysts have issued reports on AL shares. The Goldman Sachs Group reiterated a "buy" rating and set a $65.00 target price on shares of Air Lease in a research report on Thursday, November 21st. JPMorgan Chase & Co. increased their price target on shares of Air Lease from $52.00 to $56.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th.

Institutional Investors Weigh In On Air Lease

Several hedge funds have recently modified their holdings of AL. Oppenheimer Asset Management Inc. lifted its position in Air Lease by 0.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 53,625 shares of the transportation company's stock worth $2,429,000 after buying an additional 314 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Air Lease by 12.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,468 shares of the transportation company's stock valued at $157,000 after acquiring an additional 389 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Air Lease by 23.6% during the 4th quarter. GAMMA Investing LLC now owns 2,309 shares of the transportation company's stock worth $111,000 after acquiring an additional 441 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of Air Lease by 11.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,819 shares of the transportation company's stock worth $218,000 after acquiring an additional 511 shares during the period. Finally, KBC Group NV boosted its position in shares of Air Lease by 20.0% in the third quarter. KBC Group NV now owns 3,345 shares of the transportation company's stock worth $151,000 after acquiring an additional 557 shares during the last quarter. 94.59% of the stock is owned by institutional investors and hedge funds.

Air Lease Stock Performance

Shares of AL stock traded down $2.18 during midday trading on Friday, hitting $45.08. The company had a trading volume of 1,058,995 shares, compared to its average volume of 684,828. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market cap of $5.02 billion, a price-to-earnings ratio of 10.27, a PEG ratio of 1.55 and a beta of 1.61. The company's 50 day simple moving average is $48.80 and its 200 day simple moving average is $46.56. Air Lease has a 52-week low of $39.15 and a 52-week high of $52.31.

Air Lease Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, December 12th. This is an increase from Air Lease's previous quarterly dividend of $0.21. Air Lease's dividend payout ratio is 20.05%.

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.