Air Lease Corp (NYSE: AL) has a higher price-to-earnings ratio of 9.21x compared to its average ratio. AL has 36-month beta value of 1.65. Analysts have mixed views 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 4.32% ratio of that float. The average trading volume of AL on May 07, 2024 was 1.56M shares.
AL) stock’s latest price update
Air Lease Corp (NYSE: AL)’s stock price has plunge by -8.09relation to previous closing price of 51.55. Nevertheless, the company has seen a -5.70% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-06 that Air Lease Corporation. (NYSE:AL ) Q1 2024 Earnings Conference Call May 6, 2024 4:30 PM ET Company Participants Jason Arnold – Head of Investor Relations Steven Hazy – Executive chairman John Plueger – Chief Executive Officer and President Gregory Willis – Executive Vice President and Chief Financial Officer Conference Call Participants Helane Becker – TD Cowen Hillary Cacanando – Deutsche Bank Jamie Baker – JPMorgan Stephen Trent – Citigroup Ronald Epstein – Bank of America Operator Ladies and gentlemen, good afternoon.
AL’s Market Performance
Air Lease Corp (AL) has experienced a -5.70% fall in stock performance for the past week, with a -6.00% drop in the past month, and a 11.45% rise in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are at 1.99% for AL. The simple moving average for the last 20 days is -5.30% for AL stock, with a simple moving average of 13.75% for the last 200 days.
Analysts’ Opinion of AL
BMO Capital Markets, on the other hand, stated in their research note that they expect to see AL reach a price target of $54. The rating they have provided for AL stocks is “Outperform” according to the report published on January 10th, 2024.
Barclays gave a rating of “Overweight” to AL, setting the target price at $46 in the report published on November 15th of the previous year.
AL Trading at -0.68% 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 -9.43% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -4.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.40% upper at present.
During the last 5 trading sessions, AL fell by -6.30%, which changed the moving average for the period of 200-days by +8.47% in comparison to the 20-day moving average, which settled at $49.91. In addition, Air Lease Corp saw 12.97% 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:
- 0.53 for the present operating margin
- 0.47 for the gross margin
The net margin for Air Lease Corp stands at 0.22. The total capital return value is set at 0.05. Equity return is now at value 8.90, with 2.06 for asset returns.
Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at -0.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
To put it simply, Air Lease Corp (AL) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
