Currently, there are 111.03M common shares owned by the public and among those 103.11M shares have been available to trade.
However, the script later moved the day high at 47.75, up 1.60%. The company’s stock has a 5-day price change of 7.60% and 17.53% over the past three months. AL shares are trading 12.37% year to date (YTD), with the 12-month market performance up to 24.52% higher. It has a 12-month low price of $33.33 and touched a high of $47.06 over the same period. AL has an average intraday trading volume of 964.65K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.91%, 13.11%, and 17.22% respectively.
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Institutional ownership of Air Lease Corp (NYSE: AL) shares accounts for 90.02% of the company’s 111.03M shares outstanding.
It has a market capitalization of $5.23B and a beta (3y monthly) value of 1.63. The stock’s trailing 12-month PE ratio is 9.16, while the earnings-per-share (ttm) stands at $5.15. The company has a PEG of 0.35 and a Quick Ratio of 0.11 with the debt-to-equity ratio at 2.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.61% over the week and 2.46% over the month.
Analysts forecast that Air Lease Corp (AL) will achieve an EPS of $1 for the current quarter, $1.16 for the next quarter and $5.6 for 2025. The lowest estimate earnings-per-share for the quarter is $0.9 while analysts give the company a high EPS estimate of $1.31. Comparatively, EPS for the current quarter was $1.06 a year ago. Earnings per share for the fiscal year are expected to decrease by -11.19%, and 22.61% over the next financial year. EPS should grow at an annualized rate of 26.16% over the next five years, compared to 2.32% over the past 5-year period.
Looking at the support for the AL, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on January 10, 2024, with the firm’s price target at $54. Barclays coverage for the Air Lease Corp (AL) stock in a research note released on November 15, 2023 offered a Overweight rating with a price target of $46. Citigroup was of a view on May 15, 2023 that the stock is Neutral, while Goldman gave the stock Buy rating on February 28, 2023, issuing a price target of $59. HSBC Securities on their part issued Buy rating on March 15, 2022.
