Air Lease Corporation [NYSE: AL] stock went on an upward path that rose over 5.85% on Monday, amounting to a one-week price increase of more than 18.26%. Over the last 12 months, AL stock dropped by -4.23%. The one-year Air Lease Corporation stock forecast points to a potential upside of 4.28. The average equity rating for AL stock is currently 1.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.15 billion, with 113.47 million shares outstanding and 106.46 million shares in the current float. Compared to the average trading volume of 2.20M shares, AL stock reached a trading volume of 2252131 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Air Lease Corporation [AL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AL shares is $38.57 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AL stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Cowen have made an estimate for Air Lease Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 18, 2020. While these analysts kept the previous recommendation, Cowen dropped their target price from $50 to $49. The new note on the price target was released on August 09, 2019, representing the official price target for Air Lease Corporation stock. Previously, the target price had yet another raise to $52, while Goldman analysts kept a Buy rating on AL stock.
The Average True Range (ATR) for Air Lease Corporation is set at 2.26, with the Price to Sales ratio for AL stock in the period of the last 12 months amounting to 2.01. The Price to Book ratio for the last quarter was 0.73, with the Price to Cash per share for the same quarter was set at 6.52. Price to Free Cash Flow for AL in the course of the last twelve months was 3.87.
AL Stock Performance Analysis:
Air Lease Corporation [AL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 18.26. With this latest performance, AL shares gained by 51.50% in over the last four-week period, additionally sinking by -19.00% over the last 6 months – not to mention a drop of -4.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AL stock in for the last two-week period is set at 76.84, with the RSI for the last a single of trading hit 85.78, and the three-weeks RSI is set at 68.61 for Air Lease Corporation [AL]. The present Moving Average for the last 50 days of trading for this stock 25.12, while it was recorded at 34.55 for the last single week of trading, and 37.79 for the last 200 days.
Insight into Air Lease Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Air Lease Corporation [AL] shares currently have an operating margin of +57.99. Air Lease Corporation’s Net Margin is presently recorded at +29.11.
Return on Total Capital for AL is now 6.58, given the latest momentum, and Return on Invested Capital for the company is 3.44. Return on Equity for this stock inclined to 11.26, with Return on Assets sitting at 2.92. When it comes to the capital structure of this company, Air Lease Corporation [AL] has a Total Debt to Total Equity ratio set at 241.46. Additionally, AL Total Debt to Total Capital is recorded at 70.71, with Total Debt to Total Assets ending up at 62.55. Long-Term Debt to Equity for the company is recorded at 216.48, with the Long-Term Debt to Total Capital now at 63.40.
Reflecting on the efficiency of the workforce at the company, Air Lease Corporation [AL] managed to generate an average of $5,018,128 per employee.
AL Stock EPS
With the latest financial reports released by the company, Air Lease Corporation posted 1.1/share EPS, while the average EPS was predicted by analysts to be reported at 1.24/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -11.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Air Lease Corporation go to 17.94%.
Air Lease Corporation [AL] Insider Position Details
There are presently around $3,710 million, or 95.10% of AL stock, in the hands of institutional investors. The top three institutional holders of AL stocks are: CAPITAL INTERNATIONAL INVESTORS with ownership of 10,511,005, which is approximately 35.897% of the company’s market cap and around 3.00% of the total institutional ownership; VANGUARD GROUP INC, holding 9,634,992 shares of the stock with an approximate value of $336.07 million in AL stocks shares; and WINDACRE PARTNERSHIP LLC, currently with $324.6 million in AL stock with ownership of nearly New of the company’s market capitalization.
Positions in Air Lease Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 141 institutional holders increased their position in Air Lease Corporation [NYSE:AL] by around 23,526,090 shares. Additionally, 179 investors decreased positions by around 20,157,880 shares, while 30 investors held positions by with 62,684,166 shares. The mentioned changes placed institutional holdings at 106,368,136 shares, according to the latest SEC report filing. AL stock had 37 new institutional investments in for a total of 12,307,596 shares, while 92 institutional investors sold positions of 6,840,224 shares during the same period.