Air Lease Corporation (AL) has been under a strong bear grip, hence the stock is down -1.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.73% in the past 1 week. The stock has risen by 0.07% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.49% in the past 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.94% and the fifty day Moving Average is 1.7%. Air Lease Corporation has dropped 5.08% during the last three month period . Year-to-Date the stock performance stands at -14.96%.
Air Lease Corporation (AL) stock is expected to deviate a maximum of $13.31 from the average target price of $43.71 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $73 and the most muted being $35.
Air Lease Corporation (NYSE:AL): On Fridays trading session , Opening price of the stock was $28.6 with an intraday high of $28.94. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $28.23. However, the stock managed to close at $28.38, a loss of 0.42% for the day. On the previous day, the stock had closed at $28.5. The total traded volume of the day was 609,721 shares.
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.