Air Lease (AL) Stock Price, News & Analysis

Company Overview

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. As of December 31, 2023, it owned a fleet of 463 aircraft, including 345 narrowbody aircraft and 118 widebody aircraft. Air Lease Corporation was incorporated in 2010 and is headquartered in Los Angeles, California.

Key Stats

• Today's Range: $47.56 to $48.18
• 50-Day Range: $42.67 to $49.35
• 52-Week Range: $37.65 to $52.31
• Volume: 379,821 shs
• Average Volume: 960,004 shs
• Market Capitalization: $5.34 billion
• P/E Ratio: 10.92
• Dividend Yield: 1.84%
• Price Target: $55.75
• Consensus Rating: Buy

Air Lease Stock Analysis - MarketRank™

Air Lease scored higher than 94% of companies evaluated by MarketBeat, and ranked 12th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Air Lease has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Air Lease has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 37.89%

Earnings Growth

Earnings for Air Lease are expected to grow by 37.89% in the coming year, from $4.83 to $6.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Air Lease is 10.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.16.

Price to Earnings Ratio vs. Sector

The P/E ratio of Air Lease is 10.92, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 17.82.

Price to Earnings Growth Ratio

Air Lease has a PEG Ratio of 1.44. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Air Lease has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.01% of the float of Air Lease has been sold short.

Short Interest Ratio / Days to Cover

Air Lease has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Air Lease has recently increased by 6.10%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Air Lease pays a meaningful dividend of 1.74%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Air Lease has been increasing its dividend for 13 years.

Dividend Coverage

The dividend payout ratio of Air Lease is 20.05%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Air Lease will have a dividend payout ratio of 13.21% next year. This indicates that Air Lease will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.9 / 5
• Environmental Score: -5.63

Percentage of Shares Shorted

3.01% of the float of Air Lease has been sold short.

Short Interest Ratio / Days to Cover

Air Lease has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Air Lease has recently increased by 6.10%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 1.81

News Sentiment

Air Lease has a news sentiment score of 1.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Air Lease this week, compared to 6 articles on an average week.

Search Interest

Only 1 people have searched for AL on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

MarketBeat Follows

1 people have added Air Lease to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Air Lease insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 6.64% of the stock of Air Lease is held by insiders.

Percentage Held by Institutions

94.59% of the stock of Air Lease is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AL Stock Analysis - Frequently Asked Questions

How have AL shares performed this year?

Air Lease's stock was trading at $41.94 on January 1st, 2024. Since then, AL shares have increased by 14.3% and is now trading at $47.93.
View the best growth stocks for 2024 here.

How were Air Lease's earnings last quarter?

Air Lease Co. (NYSE:AL) announced its quarterly earnings data on Monday, May, 6th. The transportation company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.94 by $0.07. The business's revenue for the quarter was up 4.3% compared to the same quarter last year.

Who are Air Lease's major shareholders?

Air Lease's top institutional investors include Wellington Management Group LLP (4.51%), State Street Corp (3.06%), Royce & Associates LP (2.58%) and Thrivent Financial for Lutherans (2.01%). Insiders that own company stock include Steven F Udvar-Hazy, John L Plueger, Grant A Levy, Kishore Korde, Alex A Khatibi, Carol Hyland Forsyte and Yvette Hollingsworth Clark.
View institutional ownership trends.

How do I buy shares of Air Lease?

Shares of AL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Air Lease own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Air Lease investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Advanced Micro Devices (AMD), Adobe (ADBE) and General Electric (GE).

Company Calendar

• Last Earnings: 5/06/2024
• Ex-Dividend for 10/9 Dividend: 9/06/2024
• Dividend Payable: 10/09/2024
• Today: 11/20/2024
• Ex-Dividend for 1/9 Dividend: 12/12/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/09/2025
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Transportation
• Industry: Equipment rental & leasing, not elsewhere classified
• Sub-Industry: Trading Companies & Distributors
• Current Symbol: NYSE:AL
• CUSIP: 00912X30
• CIK: 1487712
• Web: www.airleasecorp.com
• Phone: (310) 553-0555
• Fax: 310-553-0999
• Employees: 150
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $55.75
• High Stock Price Target: $58.00
• Low Stock Price Target: $54.00
• Potential Upside/Downside: +16.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.39
• Trailing P/E Ratio: 10.92
• Forward P/E Ratio: 9.92
• P/E Growth: 1.44
• Net Income: $614.62 million
• Net Margins: 19.58%
• Pretax Margin: 24.10%
• Return on Equity: 8.92%
• Return on Assets: 2.10%

Debt

• Debt-to-Equity Ratio: 2.63
• Current Ratio: 0.43
• Quick Ratio: 0.43

Sales & Book Value

• Annual Sales: $2.68 billion
• Price / Sales: 1.99
• Cash Flow: $16.14 per share
• Price / Cash Flow: 2.97
• Book Value: $64.49 per share
• Price / Book: 0.74

Miscellaneous

• Outstanding Shares: 111,380,000
• Free Float: 103,982,000
• Market Cap: $5.34 billion
• Optionable: Optionable
• Beta: 1.59