Air Lease (NYSE:AL – Get Free Report) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Air Lease Stock Performance
Shares of AL opened at $45.08 on Wednesday. Air Lease has a 52 week low of $35.90 and a 52 week high of $52.31. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market capitalization of $5.02 billion, a PE ratio of 9.60, a PEG ratio of 1.33 and a beta of 1.59. The company’s 50 day moving average price is $44.29 and its 200 day moving average price is $46.33.
Wall Street Analysts Forecast Growth
AL has been the topic of a number of recent research reports. Barclays lowered their target price on Air Lease from $55.00 to $54.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. TD Cowen initiated coverage on Air Lease in a research note on Monday, July 29th. They issued a “buy” rating and a $58.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of Air Lease from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.75.
Air Lease Company Profile
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.
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