On a relative basis, the stock has outperformed the S&P 500 by 1.45% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The 4-week change in the price of the stock is -0.6% and the stock has fallen -1.95% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.32% and the 50-Day Moving Average is 1.19%.The 200 Day SMA reached 3.57% Air Lease Corporation is up 5.01% in the last 3-month period. Year-to-Date the stock performance stands at -15.38%.
Air Lease Corporation (AL) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $73 and the lowest price target forecast is $35. The average forecast of all the analysts is $43.43 and the expected standard deviation is $13.5.
For the current week, the company shares have a recommendation consensus of Buy. Air Lease Corporation (NYSE:AL): stock was range-bound between the intraday low of $28.005 and the intraday high of $28.74 after having opened at $28.6 on Fridays session. The stock finally closed in the red at $28.6, a loss of -2.69%. The stock remained in the red for the whole trading day. The total traded volume was 1,194,835 shares. The stock failed to cross $28.74 in Fridays trading. The stocks closing price on Thursday was $28.19.
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.