Currently, there are 111.03M common shares owned by the public and among those 103.92M shares have been available to trade.
The company’s stock has a 5-day price change of 0.43% and -2.88% over the past three months. AL shares are trading 10.32% year to date (YTD), with the 12-month market performance up to 14.22% higher. It has a 12-month low price of $33.33 and touched a high of $52.31 over the same period. AL has an average intraday trading volume of 754.80K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.02%, -0.32%, and 3.22% respectively.
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Institutional ownership of Air Lease Corp (NYSE: AL) shares accounts for 98.80% of the company’s 111.03M shares outstanding.
It has a market capitalization of $5.15B and a beta (3y monthly) value of 1.61. The stock’s trailing 12-month PE ratio is 9.91, while the earnings-per-share (ttm) stands at $4.67. The company has a PEG of 0.38 and a Quick Ratio of 0.17 with the debt-to-equity ratio at 2.69. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.67% over the week and 2.64% over the month.
Earnings per share for the fiscal year are expected to decrease by -31.76%, and 31.03% 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. TD Cowen stated their Buy rating for the stock in a research note on July 29, 2024, with the firm’s price target at $56-$58. TD Cowen coverage for the Air Lease Corp (AL) stock in a research note released on May 07, 2024 offered a Buy rating with a price target of $56. BMO Capital Markets was of a view on January 10, 2024 that the stock is Outperform, while Barclays gave the stock Overweight rating on November 15, 2023, issuing a price target of $46. Citigroup on their part issued Neutral rating on May 15, 2023.
