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Air Lease (AL) Stock Price, News & Analysis

$39.90
-0.20 (-0.50%)
(As of 03/1/2024 ET)
Today's Range
$39.81
$40.53
50-Day Range
$39.42
$43.14
52-Week Range
$33.33
$45.17
Volume
743,688 shs
Average Volume
758,933 shs
Market Capitalization
$4.43 billion
P/E Ratio
7.75
Dividend Yield
2.11%
Price Target
$51.50

Air Lease MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
29.0% Upside
$51.50 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.63
Upright™ Environmental Score
News Sentiment
0.36mentions of Air Lease in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$2.69 M Sold Last Quarter
Proj. Earnings Growth
22.34%
From $4.70 to $5.75 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

5.00 out of 5 stars

Transportation Sector

1st out of 116 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

1st out of 11 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 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. As of December 31, 2023, it owned a fleet of 463 aircraft, including 345 narrowbody aircraft and 118 widebody aircraft. Air Lease Corporation was incorporated in 2010 and is headquartered in Los Angeles, California.

AL Stock Price History

AL Stock News Headlines

Kishore Korde Sells 16,593 Shares of Air Lease Co. (NYSE:AL) Stock
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Air Lease Co. (NYSE:AL) EVP Sells $121,900.92 in Stock
Air Lease Co. (NYSE:AL) CEO Sells $1,142,310.90 in Stock
Revolutionary Device Redefines Cancer Detection
Discover the breakthrough device that could transform the lives of the estimated 68 million Americans affected by skin cancer. Achieving unprecedented accuracy, this device identifies cancer's molecular signature in just 1.5 seconds. This innovation marks a rapid advance in the battle against cancer. See how investors are unlocking 10% in bonus shares for a limited time.
StockNews.com Upgrades Air Lease (NYSE:AL) to "Buy"
Air Lease (NYSE:AL) Stock Rating Upgraded by StockNews.com
Air Lease prices C$400M medium-term notes
Air Lease (AL) Q4 Earnings & Revenues Beat Estimates
Air Lease Full Year 2023 Earnings: Beats Expectations
Barclays Keeps Their Buy Rating on Air Lease (AL)
Keep an Eye on These 3 Promising Air Defense Stocks
Strong Performance and Market Dynamics Prompt Buy Rating for Air Lease
Air Lease declares $0.21 dividend
Q4 2023 Air Lease Corp Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 1/10 Dividend
12/14/2023
Dividend Payable
1/10/2024
Last Earnings
2/15/2024
Today
3/01/2024
Ex-Dividend for 4/10 Dividend
3/14/2024
Dividend Payable
4/10/2024
Next Earnings (Estimated)
5/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
Trading Companies & Distributors
CUSIP
00912X30
Employees
163
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$51.50
High Stock Price Target
$60.00
Low Stock Price Target
$43.00
Potential Upside/Downside
+27.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$614.62 million
Pretax Margin
28.07%

Debt

Sales & Book Value

Annual Sales
$2.68 billion
Cash Flow
$16.55 per share
Book Value
$64.49 per share

Miscellaneous

Free Float
103,810,000
Market Cap
$4.48 billion
Optionable
Optionable
Beta
1.64
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Key Executives















AL Stock Analysis - Frequently Asked Questions

Should I buy or sell Air Lease stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Air Lease in the last twelve months. 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.

What is Air Lease's stock price target for 2024?

4 Wall Street analysts have issued 12-month target prices for Air Lease's shares. Their AL share price targets range from $43.00 to $60.00. On average, they predict the company's share price to reach $51.50 in the next year. This suggests a possible upside of 29.0% 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 2024?

Air Lease's stock was trading at $41.94 at the start of the year. Since then, AL stock has decreased by 4.8% and is now trading at $39.91.
View the best growth stocks for 2024 here
.

Are investors shorting Air Lease?

Air Lease saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 1,630,000 shares, a drop of 18.1% from the January 31st total of 1,990,000 shares. Based on an average trading volume of 752,100 shares, the short-interest ratio is presently 2.2 days. Currently, 1.6% 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 Monday, May 6th 2024.
View our AL earnings forecast
.

How were Air Lease's earnings last quarter?

Air Lease Co. (NYSE:AL) released its quarterly earnings data on Thursday, February, 15th. The transportation company reported $1.89 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.79. The transportation company had revenue of $716.57 million for the quarter, compared to analysts' expectations of $672.95 million. Air Lease had a trailing twelve-month return on equity of 8.87% and a net margin of 22.89%. The business's revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.21 EPS.

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

Air Lease announced a quarterly dividend on Tuesday, February 13th. Stockholders of record on Friday, March 15th will be given a dividend of $0.21 per share on Wednesday, April 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for AL
.

Is Air Lease a good dividend stock?

Air Lease (NYSE:AL) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.11%. 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 16.31%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AL will have a dividend payout ratio of 14.61% 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.16%), Dimensional Fund Advisors LP (6.16%), Allspring Global Investments Holdings LLC (2.00%), Lyrical Asset Management LP (1.95%), Copeland Capital Management LLC (1.48%) and FIL Ltd (1.35%). Insiders that own company stock include Alex A Khatibi, Carol Hyland Forsyte, Grant A Levy, John L Plueger, Kishore Korde, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AL) was last updated on 3/1/2024 by MarketBeat.com Staff