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NYSE:AL

Air Lease - AL Stock Forecast, Price & News

$40.98
+0.68 (+1.69%)
(As of 08/16/2022 12:01 PM ET)
Add
Compare
Today's Range
$40.35
$41.20
50-Day Range
$30.14
$40.30
52-Week Range
$29.75
$50.99
Volume
14,231 shs
Average Volume
546,538 shs
Market Capitalization
$4.54 billion
P/E Ratio
N/A
Dividend Yield
1.85%
Price Target
$52.67

Air Lease MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
28.0% Upside
$52.67 Price Target
Short Interest
Healthy
2.96% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-5.63
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($1.20) to $5.84 Per Share

Overall MarketRank

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

2.40 out of 5 stars

Transportation Sector

42nd out of 127 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

9th out of 14 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 operating lease portfolio 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, 2021, it owned a fleet of 382 aircraft, including 278 narrowbody aircraft and 104 widebody aircraft. The company was incorporated in 2010 and is headquartered in Los Angeles, California.

Analyst Ratings Changes

Separately, Barclays decreased their price target on shares of Air Lease from $61.00 to $55.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 13th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $52.67.

Air Lease Stock Up 0.6 %

AL opened at $40.30 on Tuesday. Air Lease has a fifty-two week low of $29.75 and a fifty-two week high of $50.99. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.64 and a quick ratio of 1.64. The firm's fifty day moving average price is $34.62 and its two-hundred day moving average price is $38.48. The company has a market capitalization of $4.47 billion, a P/E ratio of -35.04 and a beta of 1.84.

Air Lease (NYSE:AL - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.10). Air Lease had a positive return on equity of 7.88% and a negative net margin of 4.99%. The business had revenue of $557.70 million for the quarter, compared to analyst estimates of $542.23 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm's quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts anticipate that Air Lease will post -1.2 EPS for the current year.

Air Lease Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Monday, September 12th will be paid a $0.185 dividend. The ex-dividend date is Friday, September 9th. This represents a $0.74 annualized dividend and a dividend yield of 1.84%. Air Lease's dividend payout ratio is presently -64.35%.

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AL Stock News Headlines

Air Lease (AL) Stock Down 0.3% Despite Q2 Earnings Beat
Air Lease (AL) Q2 Earnings and Revenues Top Estimates
Air Lease Quarterly Profit Rises on Travel Rebound
Air Lease profit rises on travel rebound
Air Lease (AL) Set to Announce Quarterly Earnings on Thursday
Air Lease Corp Class A Stock Quote AL
See More Headlines
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AL Company Calendar

Ex-Dividend for 7/8 Dividend
6/06/2022
Dividend Payable
7/08/2022
Last Earnings
8/04/2022
Today
8/16/2022
Ex-Dividend for 10/7 Dividend
9/09/2022
Dividend Payable
10/07/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Equipment rental & leasing, not elsewhere classified
Sub-Industry
Trading Companies & Distributors
CUSIP
00912X30
Employees
129
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$52.67
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$50.00
Forecasted Upside/Downside
+28.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$436.63 million
Pretax Margin
-5.88%

Debt

Sales & Book Value

Annual Sales
$2.09 billion
Cash Flow
$12.46 per share
Book Value
$61.49 per share

Miscellaneous

Free Float
103,575,000
Market Cap
$4.54 billion
Optionable
Optionable
Beta
1.84

Key Executives

  • Mr. Steven F. Udvar-Hazy (Age 76)
    Exec. Chairman
    Comp: $2.1M
  • Mr. John L. Plueger (Age 68)
    CEO, Pres & Director
    Comp: $4.01M
  • Mr. Gregory B. Willis II (Age 43)
    CPA, CPA, Exec. VP & CFO
    Comp: $2.05M
  • Mr. Kishore Korde (Age 48)
    Exec. VP of Marketing
    Comp: $2.16M
  • Mr. Grant A. Levy (Age 59)
    Exec. VP of Marketing & Commercial Affairs
    Comp: $2.41M
  • Mr. Jason Arnold
    VP of Investor Relations
  • Ms. Carol H. Forsyte (Age 59)
    Exec. VP, Gen. Counsel, Corp. Sec. & Chief Compliance Officer
  • Ms. Courtney McKeown
    Sr. VP of HR
  • Mr. Alex A. Khatibi (Age 61)
    Exec. VP
  • Mr. John D. Poerschke (Age 60)
    Exec. VP of Aircraft Procurement & Specification













AL Stock - Frequently Asked Questions

Should I buy or sell Air Lease stock right now?

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

What is Air Lease's stock price forecast for 2022?

4 Wall Street research analysts have issued 12-month price targets for Air Lease's shares. Their AL share price forecasts range from $50.00 to $55.00. On average, they predict the company's share price to reach $52.67 in the next twelve months. This suggests a possible upside of 30.7% 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 2022?

Air Lease's stock was trading at $44.23 at the beginning of the year. Since then, AL shares have decreased by 8.9% and is now trading at $40.30.
View the best growth stocks for 2022 here
.

Are investors shorting Air Lease?

Air Lease saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,980,000 shares, an increase of 23.1% from the June 15th total of 2,420,000 shares. Based on an average trading volume of 698,400 shares, the short-interest ratio is currently 4.3 days. Currently, 2.9% 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, November 3rd 2022.
View our AL earnings forecast
.

How were Air Lease's earnings last quarter?

Air Lease Co. (NYSE:AL) released its quarterly earnings results on Thursday, August, 4th. The transportation company reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $1.05 by $0.10. The transportation company had revenue of $557.70 million for the quarter, compared to analysts' expectations of $542.23 million. Air Lease had a negative net margin of 4.99% and a positive trailing twelve-month return on equity of 7.88%. The company's quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS.

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

Air Lease declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Monday, September 12th will be paid a dividend of $0.185 per share on Friday, October 7th. This represents a $0.74 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, September 9th.
Read our dividend analysis for AL
.

Is Air Lease a good dividend stock?

Air Lease (NYSE:AL) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.85%.
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 shareholders include JPMorgan Chase & Co. (3.45%), Artisan Partners Limited Partnership (2.90%), Royce & Associates LP (2.29%), Allspring Global Investments Holdings LLC (2.00%), State Street Corp (1.55%) and FMR LLC (1.24%). Insiders that own company stock include Alex A Khatibi, Carol Hyland Forsyte, Cheryl Gordon Krongard, Grant A Levy, Gregory B Willis, Jie Chen, Kishore Korde, Marc H Baer, Marshall O Larsen, Steven F Udvar-Hazy and Susan Mccaw.
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 $40.30.

How much money does Air Lease make?

Air Lease (NYSE:AL) has a market capitalization of $4.47 billion and generates $2.09 billion in revenue each year. The transportation company earns $436.63 million in net income (profit) each year or ($1.15) on an earnings per share basis.

How many employees does Air Lease have?

The company employs 129 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 8/16/2022 by MarketBeat.com Staff

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