Air Lease Corp [AL] stock is trading at $49.45, up 6.69%. 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 7.41% over the last week, with a monthly amount glided 5.08%, and seem to be holding up well over a long-time horizon.
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.
Air Lease Corp [AL] stock has fluctuated between $39.35 and $52.31 over the past year. Currently, Wall Street analysts expect the stock to reach $65 within the next 12 months. Air Lease Corp [NYSE: AL] shares were valued at $49.45 at the most recent close of the market. An investor can expect a potential return of 31.45% based on the average AL price forecast.
Analyzing the AL fundamentals
Air Lease Corp [NYSE:AL] reported sales of 2.59B for the trailing twelve months, which represents a growth of 4.61%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.61%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 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 2.68.
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 47.34 points at the first support level, and at 45.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.72, and for the 2nd resistance point, it is at 51.99.
Ratios To Look Out For
For context, Air Lease Corp’s Current Ratio is 0.11. Further, the Quick Ratio stands at 0.11, while the Cash Ratio is 0.34. Considering the valuation of this stock, the price to sales ratio is 2.13, the price to book ratio is 0.73 and price to earnings (TTM) ratio is 14.85.
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.
