NYSE:AL - Air Lease Stock Price, Forecast & News

Air Lease's stock was trading at $30.91 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AL shares have decreased by 32.3% and is now trading at $20.93. View which stocks have been mosted impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Air Lease in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Air Lease.

Air Lease is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for Air Lease.

Air Lease Corp (NYSE:AL) announced its quarterly earnings results on Friday, February, 14th. The transportation company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.04. The transportation company earned $549 million during the quarter, compared to analysts' expectations of $537.84 million. Air Lease had a return on equity of 10.89% and a net margin of 29.11%. The company's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.65 EPS. View Air Lease's earnings history.

Air Lease declared a quarterly dividend on Friday, February 14th. Shareholders of record on Friday, March 20th will be paid a dividend of $0.15 per share on Wednesday, April 8th. This represents a $0.60 annualized dividend and a yield of 2.87%. The ex-dividend date is Thursday, March 19th. View Air Lease's dividend history.

4 equities research analysts have issued 12-month price objectives for Air Lease's shares. Their forecasts range from $29.00 to $52.00. On average, they anticipate Air Lease's stock price to reach $44.25 in the next twelve months. This suggests a possible upside of 111.4% from the stock's current price. View analysts' price targets for Air Lease.

Headlines about AL stock have been trending negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Air Lease earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned news stories about the transportation company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutAir Lease.

Air Lease saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 5,662,900 shares, an increase of 36.5% from the February 27th total of 4,150,000 shares. Based on an average trading volume of 864,100 shares, the short-interest ratio is currently 6.6 days. Approximately 5.3% of the shares of the company are short sold. View Air Lease's Current Options Chain.

Some companies that are related to Air Lease include Fastenal (FAST), W W Grainger (GWW), United Rentals (URI), Watsco (WSO), MSC Industrial Direct (MSM), Aircastle (AYR), GATX (GATX), Applied Industrial Technologies (AIT), Beacon Roofing Supply (BECN), Rush Enterprises (RUSHA), Kaman (KAMN), WESCO International (WCC), H&E Equipment Services (HEES), Textainer Group (TGH) and MRC Global (MRC).

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

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 Capital International Investors (6.86%), Artisan Partners Limited Partnership (5.14%), Boston Partners (4.67%), FMR LLC (3.56%), Lyrical Asset Management LP (3.26%) and Royce & Associates LP (2.21%). Company insiders that own Air Lease stock include Alex A Khatibi, Carol Hyland Forsyte, Cheryl Gordon Krongard, Grant A Levy, Gregory B Willis, Jie Chen, John D Poerschke, John L Plueger, Kishore Korde, Marc H Baer, Steven F Udvar-Hazy and Susan Mccaw. View institutional ownership trends for Air Lease.

AL stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Boston Partners, Royce & Associates LP, CI Investments Inc., Bamco Inc. NY, Parnassus Investments CA, Prudential Financial Inc., and Goldman Sachs Group Inc.. Company insiders that have sold Air Lease company stock in the last year include Alex A Khatibi, Carol Hyland Forsyte, Grant A Levy, Gregory B Willis, Jie Chen, John L Plueger, Kishore Korde, Marc H Baer, and Steven F Udvar-Hazy. View insider buying and selling activity for Air Lease.

AL stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, Karani Asset Management LLC, Reinhart Partners Inc., Capital International Investors, Penserra Capital Management LLC, Chapman Investment Management LLC, and Artisan Partners Limited Partnership. Company insiders that have bought Air Lease stock in the last two years include Cheryl Gordon Krongard, Steven F Udvar-Hazy, and Susan Mccaw. View insider buying and selling activity for Air Lease.

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

One share of AL stock can currently be purchased for approximately $20.93.

Air Lease has a market capitalization of $2.38 billion and generates $2.02 billion in revenue each year. The transportation company earns $587.12 million in net income (profit) each year or $5.09 on an earnings per share basis. Air Lease employs 97 workers across the globe. View additional information about Air Lease.

The official website for Air Lease is http://www.airleasecorp.com/.

Air Lease's mailing address is 2000 AVENUE OF THE STARS SUITE 1000-N, LOS ANGELES CA, 90067. The transportation company can be reached via phone at 310-553-0555 or via email at [email protected]