Air Lease (AL) Lifted to “Hold” at ValuEngine

Air Lease (NYSE:AL) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Air Lease from a “hold” rating to a “sell” rating in a research report on Monday, August 6th. Compass Point reissued a “buy” rating and set a $58.00 price target on shares of Air Lease in a research report on Sunday. Finally, Royal Bank of Canada boosted their price target on Air Lease from $91.00 to $93.00 and gave the stock a “top pick” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Air Lease currently has an average rating of “Buy” and an average price target of $55.65.

NYSE:AL opened at $45.10 on Monday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $4.59 billion, a P/E ratio of 12.36, a P/E/G ratio of 1.37 and a beta of 1.80. Air Lease has a 52-week low of $38.46 and a 52-week high of $50.70.

Air Lease (NYSE:AL) last released its earnings results on Thursday, August 9th. The transportation company reported $1.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.04. The business had revenue of $397.80 million for the quarter, compared to the consensus estimate of $400.11 million. Air Lease had a return on equity of 11.08% and a net margin of 51.22%. Air Lease’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.51 earnings per share. analysts anticipate that Air Lease will post 4.45 earnings per share for the current year.

In related news, EVP Marc H. Baer sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $45.52, for a total value of $227,600.00. Following the completion of the sale, the executive vice president now directly owns 132,891 shares in the company, valued at $6,049,198.32. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John D. Poerschke sold 12,144 shares of the business’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $44.98, for a total value of $546,237.12. Following the completion of the sale, the executive vice president now owns 43,500 shares of the company’s stock, valued at $1,956,630. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,144 shares of company stock valued at $1,990,187. Corporate insiders own 9.32% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in shares of Air Lease by 224.2% in the second quarter. Envestnet Asset Management Inc. now owns 3,618 shares of the transportation company’s stock valued at $153,000 after buying an additional 2,502 shares during the period. Meadow Creek Investment Management LLC bought a new stake in Air Lease during the second quarter worth $173,000. Whittier Trust Co. lifted its stake in Air Lease by 73.3% during the second quarter. Whittier Trust Co. now owns 5,513 shares of the transportation company’s stock worth $231,000 after purchasing an additional 2,331 shares during the last quarter. People s United Financial Inc. bought a new stake in Air Lease during the second quarter worth $236,000. Finally, InterOcean Capital LLC bought a new stake in Air Lease during the first quarter worth $256,000. Institutional investors and hedge funds own 85.62% of the company’s stock.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.

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Analyst Recommendations for Air Lease (NYSE:AL)

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