A share price of Air Lease Corp [AL] is currently trading at $44.49, up 0.70%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AL shares have gain 5.18% over the last week, with a monthly amount drifted -1.94%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Cowen reaffirmed its Buy rating on May 07, 2024, and dropped its price target to $56. On January 10, 2024, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $54 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $46 on November 15, 2023. Citigroup initiated its recommendation with a Neutral and recommended $41 as its price target on May 15, 2023. In a note dated March 15, 2022, HSBC Securities initiated an Buy rating and provided a target price of $50 on this stock.
Air Lease Corp experienced fluctuations in its stock price throughout the past year between $33.33 and $52.31. Currently, Wall Street analysts expect the stock to reach $54 within the next 12 months. Air Lease Corp [NYSE: AL] shares were valued at $44.49 at the most recent close of the market. An investor can expect a potential return of 21.38% based on the average AL price forecast.
Analyzing the AL fundamentals
Trailing Twelve Months sales for Air Lease Corp [NYSE:AL] were 2.52B which represents -2.30% decline. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.51%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 43.84 points at the first support level, and at 43.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.39, and for the 2nd resistance point, it is at 46.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Air Lease Corp [NYSE:AL] is 0.17. Further, the Quick Ratio stands at 0.17, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 1.96, the price to book ratio is 0.68 and price to earnings (TTM) ratio is 9.53.
Transactions by insiders
Recent insider trading involved Willis Gregory B, EVP AND CFO, that happened on May 15 ’24 when 11270.0 shares were sold. EVP, Khatibi Alex A completed a deal on Mar 15 ’24 to sell 11199.0 shares. Meanwhile, EVP Levy Grant A sold 7500.0 shares on Mar 15 ’24.
