The stock price of Air Lease Corp (NYSE: AL) has plunged by -1.51 when compared to previous closing price of 49.54, but the company has seen a -3.27% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-08 that Air Lease (AL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Is It Worth Investing in Air Lease Corp (NYSE: AL) Right Now?
The price-to-earnings ratio for Air Lease Corp (NYSE: AL) is above average at 9.48x, Company’s 36-month beta value is 1.65.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for AL is 103.45M, and currently, short sellers hold a 5.13% ratio of that floaft. The average trading volume of AL on April 11, 2024 was 1.49M shares.
AL’s Market Performance
AL’s stock has seen a -3.27% decrease for the week, with a 10.14% rise in the past month and a 21.88% gain in the past quarter. The volatility ratio for the week is 2.01%, and the volatility levels for the past 30 days are at 2.15% for Air Lease Corp The simple moving average for the last 20 days is 0.12% for AL stock, with a simple moving average of 19.25% for the last 200 days.
Analysts’ Opinion of AL
Many brokerage firms have already submitted their reports for AL stocks, with BMO Capital Markets repeating the rating for AL by listing it as a “Outperform.” The predicted price for AL in the upcoming period, according to BMO Capital Markets is $54 based on the research report published on January 10, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see AL reach a price target of $46. The rating they have provided for AL stocks is “Overweight” according to the report published on November 15th, 2023.
Citigroup gave a rating of “Neutral” to AL, setting the target price at $41 in the report published on May 15th of the previous year.
AL Trading at 9.41% from the 50-Day Moving Average
After a stumble in the market that brought AL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.76% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares surge +7.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.18% upper at present.
During the last 5 trading sessions, AL fell by -3.27%, which changed the moving average for the period of 200-days by +21.43% in comparison to the 20-day moving average, which settled at $48.89. In addition, Air Lease Corp saw 16.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AL starting from Khatibi Alex A, who sale 11,199 shares at the price of $47.37 back on Mar 15 ’24. After this action, Khatibi Alex A now owns 76,300 shares of Air Lease Corp, valued at $530,447 using the latest closing price.
Levy Grant A, the EVP of Air Lease Corp, sale 7,500 shares at $46.82 during a trade that took place back on Mar 15 ’24, which means that Levy Grant A is holding 150,815 shares at $351,165 based on the most recent closing price.
Stock Fundamentals for AL
Current profitability levels for the company are sitting at:
- 0.47 for the present operating margin
- 0.42 for the gross margin
The net margin for Air Lease Corp stands at 0.23. The total capital return value is set at 0.04. Equity return is now at value 8.90, with 2.06 for asset returns.
Based on Air Lease Corp (AL), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 3.13. The interest coverage ratio of the stock is 5.9.
Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at 10.93. When we switch over and look at the enterprise to sales, we see a ratio of 9.0. The receivables turnover for the company is 7.88for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
In a nutshell, Air Lease Corp (AL) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
