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NYSE:AL

Air Lease (AL) Stock Forecast, Price & News

$39.52
-0.32 (-0.80%)
(As of 01:08 PM ET)
Compare
Today's Range
$39.36
$39.73
50-Day Range
$38.90
$45.00
52-Week Range
$30.26
$46.20
Volume
88,921 shs
Average Volume
600,096 shs
Market Capitalization
$4.39 billion
P/E Ratio
9.26
Dividend Yield
2.02%
Price Target
$53.80

Air Lease MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
36.0% Upside
$53.80 Price Target
Short Interest
Healthy
0.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.63
Upright™ Environmental Score
News Sentiment
0.69mentions of Air Lease in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.62%
From $4.58 to $5.57 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.31 out of 5 stars

Transportation Sector

2nd out of 116 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

1st out of 13 stocks


AL stock logo

About Air Lease (NYSE:AL) Stock

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It also sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2022, it owned a fleet of 417 aircraft, including 306 narrowbody aircraft and 111 widebody aircraft. The company was incorporated in 2010 and is headquartered in Los Angeles, California.

AL Price History

AL Stock News Headlines

Q3 2024 EPS Estimates for Air Lease Co. Cut by Analyst (NYSE:AL)
U.S. drive to onshore battery supply chains could create big winners in lithium
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Is a Toyota Lease Buyout Worth It? Find Out Now
Air Lease declares $0.20 dividend
Unraveling the Dividend Story of Air Lease Corp (AL)
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Return Trends At Air Lease (NYSE:AL) Aren't Appealing
Q2 2023 Air Lease Corp Earnings Call
Air Lease corp. Q2 Profit Increases, beats estimates
Goldman Sachs Keeps Their Buy Rating on Air Lease (AL)
Air Lease Non-GAAP EPS of $1.58, revenue of $672.9M
Air Lease (AL) Q2 Earnings and Revenues Beat Estimates
Triton International (TRTN) Q2 Earnings Top Estimates
See More Headlines
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AL Company Calendar

Ex-Dividend for 7/7 Dividend
6/05/2023
Dividend Payable
7/07/2023
Last Earnings
8/03/2023
Ex-Dividend for 10/6 Dividend
9/11/2023
Today
9/26/2023
Dividend Payable
10/06/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
Trading Companies & Distributors
CUSIP
00912X30
Employees
151
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$53.80
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$43.00
Forecasted Upside/Downside
+36.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$-97,020,000.00
Pretax Margin
25.90%

Debt

Sales & Book Value

Annual Sales
$2.32 billion
Cash Flow
$8.79 per share
Book Value
$59.93 per share

Miscellaneous

Free Float
103,810,000
Market Cap
$4.39 billion
Optionable
Optionable
Beta
1.76
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Get This Free Report

Key Executives

  • Mr. Steven F. Udvar-HazyMr. Steven F. Udvar-Hazy (Age 77)
    Exec. Chairman
    Comp: $2.06M
  • Mr. John L. Plueger (Age 69)
    CEO, Pres & Director
    Comp: $3.15M
  • Mr. Gregory B. Willis II (Age 44)
    CPA, CPA, Exec. VP & CFO
    Comp: $1.7M
  • Mr. Grant A. LevyMr. Grant A. Levy (Age 60)
    Exec. VP of Marketing & Commercial Affairs
    Comp: $2.02M
  • Mr. Kishore Korde (Age 49)
    Exec. VP of Marketing
    Comp: $1.79M
  • Mr. Jason Arnold
    VP of Investor Relations
  • Ms. Carol H. Forsyte (Age 60)
    Exec. VP, Gen. Counsel, Corp. Sec. & Chief Compliance Officer
  • Ms. Courtney McKeown
    Sr. VP of HR
  • Mr. Alex A. KhatibiMr. Alex A. Khatibi (Age 62)
    Exec. VP
  • Mr. John D. Poerschke (Age 61)
    Exec. VP of Aircraft Procurement & Specification













AL Stock - Frequently Asked Questions

Should I buy or sell Air Lease stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Air Lease in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AL shares.
View AL analyst ratings
or view top-rated stocks.

What is Air Lease's stock price forecast for 2023?

4 brokers have issued 12 month price objectives for Air Lease's shares. Their AL share price forecasts range from $43.00 to $60.00. On average, they expect the company's share price to reach $53.80 in the next year. This suggests a possible upside of 36.0% from the stock's current price.
View analysts price targets for AL
or view top-rated stocks among Wall Street analysts.

How have AL shares performed in 2023?

Air Lease's stock was trading at $38.42 at the beginning of 2023. Since then, AL stock has increased by 2.9% and is now trading at $39.55.
View the best growth stocks for 2023 here
.

Are investors shorting Air Lease?

Air Lease saw a decline in short interest in August. As of August 31st, there was short interest totaling 800,400 shares, a decline of 26.6% from the August 15th total of 1,090,000 shares. Based on an average daily volume of 650,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.8% of the company's stock are short sold.
View Air Lease's Short Interest
.

When is Air Lease's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our AL earnings forecast
.

How were Air Lease's earnings last quarter?

Air Lease Co. (NYSE:AL) issued its quarterly earnings data on Thursday, August, 3rd. The transportation company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.01. The transportation company earned $672.90 million during the quarter, compared to the consensus estimate of $657.68 million. Air Lease had a trailing twelve-month return on equity of 7.72% and a net margin of 20.91%.

How often does Air Lease pay dividends? What is the dividend yield for Air Lease?

Air Lease declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Tuesday, September 12th will be given a dividend of $0.20 per share on Friday, October 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Monday, September 11th.
Read our dividend analysis for AL
.

Is Air Lease a good dividend stock?

Air Lease (NYSE:AL) pays an annual dividend of $0.80 per share and currently has a dividend yield of 2.03%. The company has been increasing its dividend for 9 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 18.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AL will have a dividend payout ratio of 14.36% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AL.

What is Ugo Ruffalo's approval rating as Air Lease's CEO?

15 employees have rated Air Lease Chief Executive Officer Ugo Ruffalo on Glassdoor.com. Ugo Ruffalo has an approval rating of 98% among the company's employees. This puts Ugo Ruffalo in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Air Lease own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Air Lease investors own include Alibaba Group (BABA), CVS Health (CVS), Delta Air Lines (DAL), Walt Disney (DIS), Micron Technology (MU), QUALCOMM (QCOM), Intel (INTC), Bank of America (BAC), Advanced Micro Devices (AMD) and NVIDIA (NVDA).

What is Air Lease's stock symbol?

Air Lease trades on the New York Stock Exchange (NYSE) under the ticker symbol "AL."

Who are Air Lease's major shareholders?

Air Lease's stock is owned by many different institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (6.06%), Dimensional Fund Advisors LP (5.90%), BlackRock Inc. (5.06%), Capital International Investors (2.52%), Artisan Partners Limited Partnership (2.41%) and Royce & Associates LP (2.26%). Insiders that own company stock include Alex A Khatibi, Grant A Levy, Jie Chen, Steven F Udvar-Hazy and Yvette Hollingsworth Clark.
View institutional ownership trends
.

How do I buy shares of Air Lease?

Shares of AL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Air Lease's stock price today?

One share of AL stock can currently be purchased for approximately $39.55.

How much money does Air Lease make?

Air Lease (NYSE:AL) has a market capitalization of $4.39 billion and generates $2.32 billion in revenue each year. The transportation company earns $-97,020,000.00 in net income (profit) each year or $4.27 on an earnings per share basis.

How many employees does Air Lease have?

The company employs 151 workers across the globe.

How can I contact Air Lease?

Air Lease's mailing address is 2000 AVENUE OF THE STARS SUITE 1000-N, LOS ANGELES CA, 90067. The official website for the company is www.airleasecorp.com. The transportation company can be reached via phone at (310) 553-0555, via email at investors@airleasecorp.com, or via fax at 310-553-0999.

This page (NYSE:AL) was last updated on 9/26/2023 by MarketBeat.com Staff

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