Air Lease Corp [AL] stock prices are up 0.87% to $47.46 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AL shares have lost -3.87% over the last week, with a monthly amount drifted -1.60%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On May 07, 2024, TD Cowen reiterated its Buy rating and revised its price target to $56 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $54 on January 10, 2024. Barclays initiated its recommendation with a Overweight and recommended $46 as its price target on November 15, 2023. Citigroup started tracking with a Neutral rating for this stock on May 15, 2023, and assigned it a price target of $41.
The stock price of Air Lease Corp [AL] has been fluctuating between $39.15 and $52.31 over the past year. Currently, Wall Street analysts expect the stock to reach $59.5 within the next 12 months. Air Lease Corp [NYSE: AL] shares were valued at $47.46 at the most recent close of the market. An investor can expect a potential return of 25.37% based on the average AL price forecast.
Analyzing the AL fundamentals
The Air Lease Corp [NYSE:AL] reported sales of 2.56B for trailing twelve months, representing a surge of 5.41%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.51%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.63.
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 46.74 points at the first support level, and at 46.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.16, and for the 2nd resistance point, it is at 48.86.
Ratios To Look Out For
It’s worth pointing out that Air Lease Corp [NYSE:AL]’s Current Ratio is 0.31. Also, the Quick Ratio is 0.31, while the Cash Ratio stands at 0.38. Considering the valuation of this stock, the price to sales ratio is 2.07, the price to book ratio is 0.69 and price to earnings (TTM) ratio is 10.80.
Transactions by insiders
Recent insider trading involved Levy Grant A, EVP, that happened on Nov 29 ’24 when 7500.0 shares were sold. Officer, Levy Grant A completed a deal on Nov 29 ’24 to buy 7500.0 shares. Meanwhile, EVP Khatibi Alex A sold 10000.0 shares on Nov 26 ’24.
