Air Lease Corp (NYSE: AL) has a price-to-earnings ratio that is above its average at 9.53x. The stock has a 36-month beta value of 1.61. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for AL is 103.93M, and at present, short sellers hold a 3.00% of that float. On September 19, 2024, the average trading volume of AL was 764.09K shares.
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AL) stock’s latest price update
The stock of Air Lease Corp (NYSE: AL) has increased by 0.70 when compared to last closing price of 44.18.Despite this, the company has seen a gain of 5.18% in its stock price over the last five trading days. businesswire.com reported 2024-09-17 that LOS ANGELES–(BUSINESS WIRE)–Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing today of its public offering of 300,000 shares (the “Shares”) of 6.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”), with a liquidation preference of $1,000.00 per share. The sale of the Shares is expected to close on September 24, 2024, subject to satisfaction of customary closing conditions. The Company will pay dividends on the Shares wh.
AL’s Market Performance
Air Lease Corp (AL) has seen a 5.18% rise in stock performance for the week, with a -1.94% decline in the past month and a -3.95% plunge in the past quarter. The volatility ratio for the week is 2.38%, and the volatility levels for the past 30 days are at 2.35% for AL. The simple moving average for the last 20 days is 0.57% for AL’s stock, with a simple moving average of -1.45% for the last 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 $58 based on the research report published on July 29, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see AL reach a price target of $56, previously predicting the price at $59. The rating they have provided for AL stocks is “Buy” according to the report published on May 07th, 2024.
BMO Capital Markets gave a rating of “Outperform” to AL, setting the target price at $54 in the report published on January 10th of the current year.
AL Trading at -2.17% 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 -14.95% of loss for the given period.
Volatility was left at 2.35%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares sank -0.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.63% lower at present.
During the last 5 trading sessions, AL rose by +5.18%, which changed the moving average for the period of 200-days by +14.69% in comparison to the 20-day moving average, which settled at $44.23. In addition, Air Lease Corp saw 6.08% 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:
- 0.51 for the present operating margin
- 0.45 for the gross margin
The net margin for Air Lease Corp stands at 0.21. The total capital return value is set at 0.05. Equity return is now at value 7.97, with 1.86 for asset returns.
Based on Air Lease Corp (AL), the company’s capital structure generated 0.73 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 2.69. The interest coverage ratio of the stock is 6.3.
Currently, EBITDA for the company is 1.81 billion with net debt to EBITDA at 10.56. When we switch over and look at the enterprise to sales, we see a ratio of 9.11. The receivables turnover for the company is 7.2for 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 0.17.
Conclusion
To sum up, Air Lease Corp (AL) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
