Air Lease Co. (NYSE:AL) Receives $57.60 Average Target Price from Analysts

Air Lease Co. (NYSE:AL) has been given an average recommendation of “Buy” by the five brokerages that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is $57.60.

Several research firms have weighed in on AL. JPMorgan Chase & Co. upped their price objective on shares of Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $65.00 price target on shares of Air Lease in a research report on Thursday, November 21st.

Institutional Investors Weigh In On Air Lease

Several institutional investors and hedge funds have recently added to or reduced their stakes in AL. William Blair Investment Management LLC increased its position in shares of Air Lease by 32.1% during the 4th quarter. William Blair Investment Management LLC now owns 799,478 shares of the transportation company’s stock valued at $38,543,000 after purchasing an additional 194,189 shares during the last quarter. Corient Private Wealth LLC grew its position in Air Lease by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 92,765 shares of the transportation company’s stock valued at $4,472,000 after buying an additional 906 shares during the period. Swiss National Bank increased its holdings in Air Lease by 0.7% during the fourth quarter. Swiss National Bank now owns 208,100 shares of the transportation company’s stock worth $10,033,000 after buying an additional 1,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Air Lease by 22.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,581 shares of the transportation company’s stock valued at $1,137,000 after acquiring an additional 4,322 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in shares of Air Lease by 7.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 22,379 shares of the transportation company’s stock valued at $1,079,000 after acquiring an additional 1,530 shares during the period. Hedge funds and other institutional investors own 94.59% of the company’s stock.

Air Lease Stock Down 0.2 %

AL stock opened at $45.95 on Tuesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43. Air Lease has a fifty-two week low of $39.35 and a fifty-two week high of $52.31. The stock’s 50 day simple moving average is $47.71 and its 200 day simple moving average is $46.28. The company has a market cap of $5.12 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59.

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.