Air Lease (AL) Stock Forecast, Price & News

4 Wall Street 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 research analysts is that investors should "moderate buy" AL shares.
View AL analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued twelve-month price targets for Air Lease's shares. Their AL share price forecasts range from $43.00 to $60.00. On average, they predict the company's stock price to reach $53.80 in the next year. This suggests a possible upside of 34.1% from the stock's current price.
View analysts price targets for AL or view top-rated stocks among Wall Street analysts.

Air Lease's stock was trading at $38.42 at the start of the year. Since then, AL shares have increased by 4.4% and is now trading at $40.11.
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Air Lease saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 800,400 shares, a drop of 26.6% from the August 15th total of 1,090,000 shares. Based on an average trading volume of 650,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.8% of the shares of the company are short sold.
View Air Lease's Short Interest.

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

Air Lease Co. (NYSE:AL) announced its earnings results on Thursday, August, 3rd. The transportation company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.09 by $0.01. The transportation company had revenue of $672.90 million for the quarter, compared to analyst estimates of $657.68 million. Air Lease had a net margin of 20.91% and a trailing twelve-month return on equity of 7.72%.

Air Lease announced a quarterly dividend on Wednesday, August 2nd. Stockholders of record on Tuesday, September 12th will be paid a dividend of $0.20 per share on Friday, October 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, September 11th.
Read our dividend analysis for AL.

ETFs with the largest weight of Air Lease (NYSE:AL) stock in their portfolio include Cambiar Aggressive Value ETF (CAMX), First Trust Dorsey Wright Momentum & Value ETF (DVLU), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), Harbor Small Cap Explorer ETF (QWST), First Trust Dorsey Wright Momentum & Dividend ETF (DDIV), Avantis U.S. Small Cap Value ETF (AVUV), First Trust Mid Cap Value AlphaDEX Fund (FNK) and Vanguard U.S. Value Factor (VFVA).

Air Lease (NYSE:AL) pays an annual dividend of $0.80 per share and currently has a dividend yield of 1.99%. 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 14.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AL.

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.

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).

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

Air Lease's stock is owned by a variety of retail and institutional investors. Top institutional shareholders 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.
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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.
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One share of AL stock can currently be purchased for approximately $40.11.

Air Lease (NYSE:AL) has a market capitalization of $4.45 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.

The company employs 151 workers across the globe.

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.