Air Lease Corporation (AL) : 9 analysts are covering Air Lease Corporation (AL) and their average rating on the stock is 1, which is read as a Strong Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.
Air Lease Corporation (AL) : 9 investment research analysts covering Air Lease Corporation (AL) have an average price target of $43.44 for the near short term. The highest target price given by the Brokerage Firm to the stock is $73 and the lowest target is $36 for the short term. Analysts expect the variance to be within $11.38 of the average price.
Air Lease Corporation (NYSE:AL): The stock opened at $25.46 on Wednesday but the bulls could not build on the opening and the stock topped out at $25.92 for the day. The stock traded down to $25.07 during the day, due to lack of any buying support eventually closed down at $25.63 with a loss of -0.47% for the day. The stock had closed at $25.75 on the previous day. The total traded volume was 1,236,489 shares.
The company shares have dropped -21.85% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $39.08 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $28.30 and the 200 Day Moving Average price is recorded at $29.31.
Air Lease Corporation is an aircraft leasing company. The Company is engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S. (Airbus), and leasing those aircrafts to airlines around the world. In addition to its leasing activities, it sells aircrafts from its operating lease portfolio to third-parties, including other leasing companies, financial services companies and airlines. It also provides fleet management services to investors and owners of aircraft portfolios. It provides aircrafts to airline customers in geographical regions, including markets, such as Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. The Company sells aircrafts that are operated by an airline with multiple years of lease term remaining on the contract.