Analysts Set Air Lease Co. (NYSE:AL) Target Price at $57.60

Shares of Air Lease Co. (NYSE:AL) have received an average rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among analysts that have covered the stock in the last year is $57.60.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Air Lease from $52.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a report on Thursday, November 21st.

Institutional Trading of Air Lease

Hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in Air Lease in the 2nd quarter valued at $221,000. Creative Planning raised its position in shares of Air Lease by 23.6% in the second quarter. Creative Planning now owns 8,885 shares of the transportation company’s stock worth $422,000 after buying an additional 1,698 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Air Lease during the second quarter valued at $1,945,000. SG Americas Securities LLC grew its position in Air Lease by 44.9% during the third quarter. SG Americas Securities LLC now owns 17,758 shares of the transportation company’s stock worth $804,000 after buying an additional 5,503 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Air Lease by 31.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 26,453 shares of the transportation company’s stock worth $1,198,000 after acquiring an additional 6,300 shares during the last quarter. Institutional investors own 94.59% of the company’s stock.

Air Lease Stock Up 1.5 %

AL stock opened at $46.22 on Tuesday. The stock has a fifty day moving average of $47.90 and a 200-day moving average of $46.34. Air Lease has a fifty-two week low of $39.35 and a fifty-two week high of $52.31. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.00 and a beta of 1.59. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.43 and a current ratio of 0.43.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.