Air Lease Corp (NYSE: AL)’s stock price has gone decline by -3.84 in comparison to its previous close of 49.94, however, the company has experienced a -0.08% decrease in its stock price over the last five trading days. businesswire.com reported 2024-07-18 that LOS ANGELES–(BUSINESS WIRE)–Today Air Lease Corporation (NYSE: AL) announced the delivery of one new Airbus A321-200neo to Condor. This aircraft is the first of 19 new Airbus aircraft confirmed to deliver to the airline from ALC’s orderbook with Airbus through 2027, including 17 A321-200neos and two A320-200neos. In addition to these aircraft, ALC currently has three A321s and two A320s on long-term lease to the airline. “ALC is pleased to announce this significant first of 19 new Airbus airc.
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 9.69x. The 36-month beta value for AL is also noteworthy at 1.61. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
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The public float for AL is 103.91M, and at present, short sellers hold a 3.18% of that float. The average trading volume of AL on July 19, 2024 was 795.13K shares.
AL’s Market Performance
AL stock saw an increase of -0.08% in the past week, with a monthly gain of 5.96% and a quarterly increase of -1.27%. The volatility ratio for the week is 3.19%, and the volatility levels for the last 30 days are 2.62% for Air Lease Corp (AL). The simple moving average for the past 20 days is 0.80% for AL’s stock, with a 10.80% simple moving average for the past 200 days.
Analysts’ Opinion of AL
Many brokerage firms have already submitted their reports for AL stocks, with TD Cowen repeating the rating for AL by listing it as a “Buy.” The predicted price for AL in the upcoming period, according to TD Cowen is $56 based on the research report published on May 07, 2024 of the current year 2024.
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 0.72% 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 -8.20% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +3.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.85% lower at present.
During the last 5 trading sessions, AL fell by -0.08%, which changed the moving average for the period of 200-days by +21.85% in comparison to the 20-day moving average, which settled at $47.72. In addition, Air Lease Corp saw 14.50% 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 Willis Gregory B, who sale 11,270 shares at the price of $50.06 back on May 15 ’24. After this action, Willis Gregory B now owns 67,099 shares of Air Lease Corp, valued at $564,192 using the latest closing price.
Khatibi Alex A, the EVP of Air Lease Corp, sale 11,199 shares at $47.37 during a trade that took place back on Mar 15 ’24, which means that Khatibi Alex A is holding 76,300 shares at $530,447 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
- 0.41 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 8.50, with 1.97 for asset returns.
Based on Air Lease Corp (AL), the company’s capital structure generated 0.75 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 2.93. The interest coverage ratio of the stock is 6.67.
Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at 11.09. When we switch over and look at the enterprise to sales, we see a ratio of 8.95. The receivables turnover for the company is 7.23for 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 0.19.
Conclusion
In summary, Air Lease Corp (AL) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
