Air Lease (AL) PT Raised to $48.00 at Morgan Stanley

Air Lease (NYSE:AL) had its price target upped by analysts at Morgan Stanley from $47.00 to $48.00 in a report issued on Thursday. The firm presently has an “equal weight” rating on the transportation company’s stock. Morgan Stanley’s price target indicates a potential upside of 13.45% from the stock’s previous close.

Several other brokerages also recently weighed in on AL. Zacks Investment Research upgraded Air Lease from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, January 9th. ValuEngine downgraded Air Lease from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Credit Suisse Group reiterated an “outperform” rating and issued a $57.00 price objective (up previously from $55.00) on shares of Air Lease in a research report on Friday, February 23rd. UBS reiterated a “sell” rating and issued a $32.00 price objective (up previously from $31.00) on shares of Air Lease in a research report on Wednesday, February 21st. Finally, Citigroup boosted their price objective on Air Lease from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $52.59.

NYSE:AL opened at $42.31 on Thursday. The company has a market capitalization of $4,405.99, a P/E ratio of 11.62, a PEG ratio of 1.84 and a beta of 1.70. Air Lease has a 1-year low of $34.42 and a 1-year high of $50.70. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 2.35.



Air Lease (NYSE:AL) last released its earnings results on Thursday, February 22nd. The transportation company reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.19. Air Lease had a return on equity of 10.91% and a net margin of 49.87%. The company had revenue of $398.47 million during the quarter, compared to the consensus estimate of $380.93 million. During the same quarter in the previous year, the company posted $1.48 EPS. Air Lease’s quarterly revenue was up 7.6% compared to the same quarter last year. equities analysts forecast that Air Lease will post 4.36 EPS for the current fiscal year.

In other news, EVP Kishore Korde sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $49.16, for a total transaction of $98,320.00. Following the transaction, the executive vice president now directly owns 78,976 shares of the company’s stock, valued at $3,882,460.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Grant A. Levy sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $44.01, for a total value of $440,100.00. The disclosure for this sale can be found here. Insiders have sold 85,077 shares of company stock worth $3,781,447 over the last three months. Insiders own 9.32% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AL. Calton & Associates Inc. purchased a new position in shares of Air Lease during the fourth quarter valued at approximately $102,000. Zions Bancorporation purchased a new position in shares of Air Lease during the third quarter valued at approximately $114,000. Whittier Trust Co. purchased a new position in shares of Air Lease during the fourth quarter valued at approximately $141,000. Comerica Bank purchased a new stake in Air Lease in the fourth quarter worth $213,000. Finally, Parametrica Management Ltd purchased a new stake in Air Lease in the fourth quarter worth $225,000. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Air Lease (NYSE:AL)

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