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S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
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Get ready for Christmas shopping-sprees with these 2 winners
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S&P 500   4,554.89
DOW   35,416.98
QQQ   390.19
Alibaba is down more than 10% since earnings, now what?
Secure your stake in the Smart Home industry. (Ad)
5 stocks for the Christmas wishlist: Hoping for a pullback
Teva Pharma is the way to play the re-rise of generic drugs
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Lemonade nears breakout, short interest surges, analysts bearish
ULTA stock is setting up to swing for the fences
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
Get ready for Christmas shopping-sprees with these 2 winners
Li Auto smashes estimates proving EVs can be profitable

Air Lease Stock Price, News & Analysis (NYSE:AL)

$38.06
-0.11 (-0.29%)
(As of 11/28/2023 ET)
Compare
Today's Range
$37.75
$38.15
50-Day Range
$33.77
$40.28
52-Week Range
$33.33
$46.20
Volume
770,993 shs
Average Volume
639,305 shs
Market Capitalization
$4.23 billion
P/E Ratio
8.51
Dividend Yield
2.10%
Price Target
$52.60

Air Lease MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
38.2% Upside
$52.60 Price Target
Short Interest
Healthy
1.09% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.63
Upright™ Environmental Score
News Sentiment
-0.37mentions of Air Lease in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.16%
From $4.35 to $5.14 Per Share

Overall MarketRank

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

3.34 out of 5 stars

Transportation Sector

1st out of 117 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

1st out of 13 stocks


AL stock logo

About Air Lease Stock (NYSE:AL)

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 Stock Price History

AL Stock News Headlines

Air Lease (NYSE:AL) Lowered to Hold at StockNews.com
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Air Lease (NYSE:AL) Now Covered by Barclays
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Air Lease (NYSE:AL) Takes Off on Q3 Beat
Q3 2023 Air Lease Corp Earnings Call
A Preview Of Air Lease's Earnings
Why Air Lease (AL) is a Great Dividend Stock Right Now
See More Headlines
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Company Calendar

Ex-Dividend for 10/6 Dividend
9/11/2023
Dividend Payable
10/06/2023
Last Earnings
11/06/2023
Today
11/28/2023
Ex-Dividend for 1/10 Dividend
12/14/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/10/2024
Next Earnings (Estimated)
2/15/2024

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 Target
$52.60
High Stock Price Target
$60.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+38.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$-97,020,000.00
Pretax Margin
25.97%

Debt

Sales & Book Value

Annual Sales
$2.32 billion
Cash Flow
$8.69 per share
Book Value
$59.93 per share

Miscellaneous

Free Float
103,810,000
Market Cap
$4.23 billion
Optionable
Optionable
Beta
1.74
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Key Executives















AL Stock Analysis - Frequently Asked Questions

Should I buy or sell Air Lease stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Air Lease in the last twelve months. There are currently 1 hold rating and 4 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 target for 2024?

5 brokerages have issued twelve-month price objectives for Air Lease's stock. Their AL share price targets range from $43.00 to $60.00. On average, they expect the company's stock price to reach $52.60 in the next year. This suggests a possible upside of 38.2% 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 start of the year. Since then, AL stock has decreased by 0.9% and is now trading at $38.06.
View the best growth stocks for 2023 here
.

Are investors shorting Air Lease?

Air Lease saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 1,120,000 shares, a drop of 8.2% from the October 31st total of 1,220,000 shares. Based on an average daily trading volume, of 700,700 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.1% of the company's shares are sold short.
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, February 15th 2024.
View our AL earnings forecast
.

How were Air Lease's earnings last quarter?

Air Lease Co. (NYSE:AL) announced its quarterly earnings data on Monday, November, 6th. The transportation company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.02. The transportation company had revenue of $659.36 million for the quarter, compared to analyst estimates of $659.17 million. Air Lease had a net margin of 20.97% and a trailing twelve-month return on equity of 7.92%.

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

Air Lease declared a quarterly dividend on Monday, November 6th. Investors of record on Friday, December 15th will be given a dividend of $0.21 per share on Wednesday, January 10th. This represents a $0.84 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from the stock's previous quarterly dividend of $0.20.
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 2.09%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 17.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AL will have a dividend payout ratio of 15.56% 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).

Who are Air Lease's major shareholders?

Air Lease's stock is owned by many different institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (5.97%), Invesco Ltd. (2.45%), Artisan Partners Limited Partnership (2.38%), Allspring Global Investments Holdings LLC (2.10%), Earnest Partners LLC (1.64%) and Copeland Capital Management LLC (1.54%). 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.

This page (NYSE:AL) was last updated on 11/29/2023 by MarketBeat.com Staff

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