Free Trial

Air Lease (NYSE:AL) Hits New 52-Week High - Should You Buy?

Air Lease logo with Transportation background

Shares of Air Lease Corporation (NYSE:AL - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $59.95 and last traded at $59.75, with a volume of 467493 shares traded. The stock had previously closed at $58.93.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AL. Wall Street Zen raised Air Lease from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. Citigroup upgraded shares of Air Lease from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $45.00 to $68.00 in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Air Lease presently has a consensus rating of "Moderate Buy" and an average price target of $57.43.

Get Our Latest Stock Analysis on Air Lease

Air Lease Stock Up 1.4%

The stock has a market cap of $6.68 billion, a PE ratio of 10.45, a P/E/G ratio of 0.64 and a beta of 1.35. The business has a 50 day moving average of $55.88 and a 200-day moving average of $49.64. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 2.53.

Air Lease (NYSE:AL - Get Free Report) last announced its earnings results on Monday, May 5th. The transportation company reported $1.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.27. The business had revenue of $738.28 million for the quarter, compared to analyst estimates of $709.70 million. Air Lease had a net margin of 24.77% and a return on equity of 8.04%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Equities research analysts predict that Air Lease Corporation will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 4th will be paid a $0.22 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $0.88 dividend on an annualized basis and a yield of 1.47%. Air Lease's dividend payout ratio is presently 15.38%.

Insider Activity at Air Lease

In related news, EVP Grant A. Levy sold 10,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $56.85, for a total transaction of $568,500.00. Following the transaction, the executive vice president owned 146,316 shares of the company's stock, valued at $8,318,064.60. This trade represents a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 6.64% of the company's stock.

Institutional Trading of Air Lease

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Air Lease during the fourth quarter worth approximately $49,415,000. Capital Research Global Investors lifted its stake in shares of Air Lease by 50.7% in the 4th quarter. Capital Research Global Investors now owns 2,050,000 shares of the transportation company's stock worth $98,830,000 after acquiring an additional 690,000 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Air Lease in the 4th quarter worth $31,414,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Air Lease by 19.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,353,803 shares of the transportation company's stock valued at $162,492,000 after acquiring an additional 553,080 shares in the last quarter. Finally, M3F Inc. acquired a new position in shares of Air Lease during the first quarter worth about $19,776,000. 94.59% of the stock is owned by institutional investors and hedge funds.

Air Lease Company Profile

(Get Free Report)

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.

See Also

Should You Invest $1,000 in Air Lease Right Now?

Before you consider Air Lease, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Air Lease wasn't on the list.

While Air Lease currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Stocks Set to Soar in Summer 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines