Air Lease Corp (AL) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 40 from a previous price target of $36 . FBR & Co. advised their investors in a research report released on Nov 22, 2016.
Many Wall Street Analysts have commented on Air Lease Corp. Company shares were Reiterated by FBR & Co. on Nov 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 36 from a previous price target of $35 .
On the company’s financial health, Air Lease Corp reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.81. The company had revenue of $355.10 million for the quarter, compared to analysts expectations of $354.99 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.
Air Lease Corp closed down -0.07 points or -0.20% at $34.81 with 10,57,561 shares getting traded on Monday. Post opening the session at $34.81, the shares hit an intraday low of $34.675 and an intraday high of $35 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 9, 2016, Robert A Milton (director) sold 30,000 shares at $31.73 per share price. According to the SEC, on Jan 4, 2016, Marc H Baer (EVP) sold 1,500 shares at $32.62 per share price. On Aug 25, 2015, Steven F Udvar-hazy (CEO) purchased 3,000 shares at $30.23 per share price, according to the Form-4 filing with the securities and exchange commission.
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.