Air Lease Corp [NYSE: AL] plunged by -$0.7 during the normal trading session on while it closed the day at $45.42.
Air Lease Corp stock has also loss -1.69% of its value over the past 7 days. However, AL stock has declined by -2.09% in the 3 months of the year. Over the past six months meanwhile, it has gained 16.04% and gained 8.30% year-on date.
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The market cap for AL stock reached $5.06 billion, with 111.03 million shares outstanding and 103.91 million shares in the current float. Compared to the average trading volume of 1.33M shares, AL reached a trading volume of 502416 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Air Lease Corp [AL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AL shares is $56.29 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 1.43. 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.
TD Cowen have made an estimate for Air Lease Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 07, 2024. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price to Outperform. The new note on the price target was released on January 10, 2024, representing the official price target for Air Lease Corp stock. Previously, the target price had yet another raise to $46, while Barclays analysts kept a Overweight rating on AL stock.
The Average True Range (ATR) for Air Lease Corp is set at 1.11, with the Price to Sales ratio for AL stock in the period of the last 12 months amounting to 1.99. The Price to Book ratio for the last quarter was 0.70, with the Price to Cash per share for the same quarter was set at 4.99.
AL stock trade performance evaluation
Air Lease Corp [AL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.69. With this latest performance, AL shares dropped by -8.06% in over the last four-week period, additionally plugging by 16.04% over the last 6 months – not to mention a rise of 7.53% 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 38.01, with the RSI for the last a single of trading hit 36.02, and the three-weeks RSI is set at 40.72 for Air Lease Corp [AL]. The present Moving Average for the last 50 days of trading for this stock 48.82, while it was recorded at 45.73 for the last single week of trading, and 42.53 for the last 200 days.
Air Lease Corp [AL]: An insightful look at the core fundamentals
Air Lease Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.19 and a Current Ratio set at 0.19.
Earnings per share (EPS) analysis for Air Lease Corp [AL] stock
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 Corp go to 26.16%.
Air Lease Corp [AL]: Institutional Ownership
The top three institutional holders of AL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in AL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in AL stock with ownership which is approximately 5.8386%.
