Air Lease (NYSE:AL) Price Target Increased to $55.00 by Analysts at Barclays

Air Lease (NYSE:AL - Get Free Report) had its target price hoisted by investment analysts at Barclays from $48.00 to $55.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. Barclays's target price points to a potential upside of 13.50% from the company's previous close.

A number of other analysts also recently weighed in on the company. StockNews.com downgraded Air Lease from a "buy" rating to a "hold" rating in a research report on Friday, March 29th. BMO Capital Markets boosted their price objective on Air Lease from $54.00 to $55.00 and gave the company an "outperform" rating in a research report on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.25.

Air Lease Trading Up 0.5 %

NYSE AL traded up $0.24 during trading hours on Tuesday, reaching $48.46. The company's stock had a trading volume of 622,569 shares, compared to its average volume of 1,387,830. The stock has a market cap of $5.40 billion, a P/E ratio of 9.41, a P/E/G ratio of 0.66 and a beta of 1.65. The firm has a fifty day simple moving average of $45.33 and a 200-day simple moving average of $41.15. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.40 and a quick ratio of 0.40. Air Lease has a 52 week low of $33.33 and a 52 week high of $51.77.

Air Lease (NYSE:AL - Get Free Report) last posted 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 net margin of 22.89% and a return on equity of 8.87%. The business had revenue of $716.57 million during the quarter, compared to the consensus estimate of $672.95 million. During the same quarter last year, the firm posted $1.21 EPS. Air Lease's revenue was up 19.1% compared to the same quarter last year. Equities analysts forecast that Air Lease will post 5.64 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Alex A. Khatibi sold 11,199 shares of the business's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.37, for a total transaction of $530,496.63. Following the completion of the transaction, the executive vice president now owns 76,300 shares in the company, valued at approximately $3,614,331. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Alex A. Khatibi sold 11,199 shares of the company's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $47.37, for a total transaction of $530,496.63. Following the completion of the sale, the executive vice president now directly owns 76,300 shares in the company, valued at approximately $3,614,331. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carol Hyland Forsyte sold 3,046 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $40.02, for a total value of $121,900.92. Following the transaction, the executive vice president now directly owns 72,073 shares in the company, valued at $2,884,361.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,646 shares of company stock valued at $3,705,152. 6.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Air Lease

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can increased its holdings in shares of Air Lease by 140.6% in the first quarter. Bank of Montreal Can now owns 126,761 shares of the transportation company's stock valued at $5,642,000 after purchasing an additional 74,067 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in Air Lease during the 1st quarter worth about $96,000. BlackRock Inc. lifted its holdings in shares of Air Lease by 1.6% in the 1st quarter. BlackRock Inc. now owns 5,763,177 shares of the transportation company's stock valued at $257,324,000 after purchasing an additional 90,225 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Air Lease by 7.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 7,825 shares of the transportation company's stock valued at $368,000 after purchasing an additional 535 shares during the last quarter. Finally, Sei Investments Co. increased its position in Air Lease by 7.3% in the 1st quarter. Sei Investments Co. now owns 96,738 shares of the transportation company's stock valued at $4,324,000 after acquiring an additional 6,568 shares during the period. Hedge funds and other institutional investors own 94.59% of the company's stock.

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.