Barclays Increases Air Lease (NYSE:AL) Price Target to $55.00

Air Lease (NYSE:AL) had its price objective raised by analysts at Barclays from $48.00 to $55.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price indicates a potential upside of 13.12% from the company’s current price.

A number of other research analysts have also recently commented on AL. StockNews.com cut Air Lease from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. BMO Capital Markets increased their price target on Air Lease from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.25.

Air Lease Trading Up 0.3 %

Shares of AL stock opened at $48.62 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 2.68. The stock has a market cap of $5.41 billion, a P/E ratio of 9.44, a price-to-earnings-growth ratio of 0.66 and a beta of 1.65. The stock has a 50 day simple moving average of $45.46 and a 200 day simple moving average of $41.20. Air Lease has a 1 year low of $33.33 and a 1 year high of $51.77.

Air Lease (NYSE:AL) last issued its quarterly earnings results on Thursday, February 15th. The transportation company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.79. Air Lease had a return on equity of 8.87% and a net margin of 22.89%. The business had revenue of $716.57 million during the quarter, compared to analysts’ expectations of $672.95 million. During the same period in the previous year, the company posted $1.21 earnings per share. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts predict that Air Lease will post 5.64 earnings per share for the current fiscal year.

Insider Activity at Air Lease

In related news, CEO John L. Plueger sold 28,515 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $40.06, for a total value of $1,142,310.90. Following the completion of the sale, the chief executive officer now directly owns 808,842 shares in the company, valued at $32,402,210.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Air Lease news, CEO John L. Plueger sold 28,515 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $40.06, for a total transaction of $1,142,310.90. Following the completion of the sale, the chief executive officer now directly owns 808,842 shares in the company, valued at approximately $32,402,210.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Carol Hyland Forsyte sold 3,046 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $40.02, for a total value of $121,900.92. Following the sale, the executive vice president now owns 72,073 shares of the company’s stock, valued at $2,884,361.46. The disclosure for this sale can be found here. Insiders sold 89,646 shares of company stock worth $3,705,152 over the last three months. Company insiders own 6.64% of the company’s stock.

Institutional Trading of Air Lease

Large investors have recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in Air Lease during the 1st quarter worth about $31,000. Belpointe Asset Management LLC bought a new position in shares of Air Lease during the 1st quarter worth about $28,000. CWM LLC boosted its position in shares of Air Lease by 296.1% during the 3rd quarter. CWM LLC now owns 911 shares of the transportation company’s stock worth $36,000 after purchasing an additional 681 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Air Lease during the 2nd quarter worth about $31,000. Finally, Quantbot Technologies LP bought a new position in shares of Air Lease during the 3rd quarter worth about $48,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.

About Air Lease

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.