Air Lease Corporation [AL] Stock trading around $38.54 per share: What’s Next?

Air Lease Corporation [NYSE: AL] gained 9.18% or 3.24 points to close at $38.54 with a heavy trading volume of 1374083 shares. The company report on November 12, 2020 that Air Lease Corporation CFO to Speak at Stephens Annual Investment Conference 2020.

Air Lease Corporation (NYSE: AL) announced that Gregory B. Willis, Executive Vice President and Chief Financial Officer, will be speaking at the Stephens Annual Investment Conference. This speaking engagement will be a fireside chat held virtually on Tuesday, November 17, 2020 at 1:00 p.m. Eastern Time, and will be broadcast live through a link on the Investors page of the Air Lease Corporation website at Alternatively, virtual attendees may access the webcast directly via this link: Stephens Annual Investment Conference 2020. Please visit the website prior to the webcast to register, download and install any necessary audio software. Any materials utilized for this speaking engagement will be posted 15 minutes prior to the speaking time.

About Air Lease Corporation (NYSE: AL).

It opened the trading session at $37.25, the shares rose to $38.69 and dropped to $36.10, the range by which the price of stock traded the whole day. The daily chart for AL points out that the company has recorded 52.39% gains over the past six months. However, it is still -358.26% lower than its most recent low trading price.

If we look at the average trading volume of 897.11K shares, AL reached to a volume of 1374083 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $43.88 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 2.05, with the Price to Sales ratio for AL stock in the period of the last 12 months amounting to 2.06. 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 11.14. Price to Free Cash Flow for AL in the course of the last twelve months was 4.89.

Trading performance analysis for AL stock

Air Lease Corporation [AL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.52. With this latest performance, AL shares gained by 29.11% in over the last four-week period, additionally plugging by 52.39% over the last 6 months – not to mention a drop of -15.20% 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 69.01, with the RSI for the last a single of trading hit 74.41, and the three-weeks RSI is set at 65.80 for Air Lease Corporation [AL]. The present Moving Average for the last 50 days of trading for this stock 30.89, while it was recorded at 35.36 for the last single week of trading, and 29.62 for the last 200 days.

Air Lease Corporation [AL]: A deeper dive into fundamental analysis

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.

Air Lease Corporation [AL]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Air Lease Corporation posted 1.42/share EPS, while the average EPS was predicted by analysts to be reported at 1.38/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 2.90%. 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 5.00%.

An analysis of insider ownership at Air Lease Corporation [AL]

There are presently around $4,221 million, in the hands of institutional investors. The top three institutional holders of AL stocks are: CAPITAL INTERNATIONAL INVESTORS with ownership of 13,531,861, which is approximately 3.014% of the company’s market cap and around 1.40% of the total institutional ownership; WINDACRE PARTNERSHIP LLC, holding 11,240,000 shares of the stock with an approximate value of $433.19 million in AL stocks shares; and VANGUARD GROUP INC, currently with $350.26 million in AL stock with ownership of nearly -4.854% of the company’s market capitalization.

Positions in Air Lease Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 117 institutional holders increased their position in Air Lease Corporation [NYSE:AL] by around 9,060,295 shares. Additionally, 127 investors decreased positions by around 7,558,167 shares, while 43 investors held positions by with 92,900,387 shares. The mentioned changes placed institutional holdings at 109,518,849 shares, according to the latest SEC report filing. AL stock had 33 new institutional investments in for a total of 1,432,792 shares, while 30 institutional investors sold positions of 1,575,509 shares during the same period.

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