Many Air Lease Corporation(AL) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by FBR & Co. on Nov 22, 2016 to Outperform, Raises Price Target to $ 40 from a previous price target of $36 .
Company has reported several Insider transactions to the SEC, on Dec 19, 2016, Alex A Khatibi (EVP) sold 10,871 shares at 35.09 per share price.On Dec 13, 2016, Grant A Levy (EVP) sold 9,000 shares at 36.06 per share price.On Dec 6, 2016, Ian M Saines (director) sold 6,630 shares at 36.00 per share price.
Air Lease Corp Last issued its quarterly earnings results on Nov 3, 2016. The company reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $0.81. The company had revenue of $355.10 million for the quarter, compared to analysts expectations of $354.99 million. The companys revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.
Air Lease Corporation (NYSE:AL) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.06 by 9 Brokerage Firm. 8 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.
Air Lease Corporation (NYSE:AL): According to 9 Analysts, The short term target price has been estimated at $ 44.17.The target price could deviate by a maximum of $11.51 from the forecast price. In the near term, the target price could hit a high of $73 and a low of $ 33.
Air Lease Corporation (NYSE:AL) rose 1.57% or 0.61 points on Tuesday and made its way into the gainers of the day. After trading began at $38.74 the stock was seen hitting $39.58 as a peak level and $38.2 as the lowest level. The stock ended up at $39.47. The daily volume was measured at 1,161,004 shares. The 52-week high of the share price is $39.58 and the 52-week low is $24.25. The company has a market cap of $4,059 million.
Air Lease Corporation is an aircraft leasing company principally engaged in purchasing commercial aircraft and leasing to airlines around the world. The Company provides leasing services in Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. Air Lease Corporation is based in Los Angeles, California.