Its Stock Has Paid Off Big Time For Air Lease Corp

With 1.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.74 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $42.70 whereas the lowest price it dropped to was $41.83. The 52-week range on AL shows that it touched its highest point at $45.17 and its lowest point at $33.33 during that stretch. It currently has a 1-year price target of $53.00. With its current market cap of 4.65 billion, AL has annualized dividend of $0.79 while the current yield stands at 1.89%. Beta for the stock currently stands at 1.65.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AL was down-trending over the past week, with a drop of -2.33%, but this was up by 4.55% over a month. Three-month performance surged to 14.97% while six-month performance rose 1.45%. The stock lost -6.38% in the past year, while it has lost -0.21% so far this year. A look at the trailing 12-month EPS for AL yields 4.47 with Next year EPS estimates of 4.69. For the next quarter, that number is 1.12. This implies an EPS growth rate of 453.20% for this year and 7.04% for next year.

Float and Shares Shorts:

At present, 110.89 million AL shares are outstanding with a float of 103.21 million shares on hand for trading. On Jan 11, 2024, short shares totaled 1.93 million, which was 1.74% higher than short shares on Dec 14, 2023. In addition to Mr. Steven F. Udvar-Hazy as the firm’s Executive Chairman of the Board, Mr. John L. Plueger serves as its CEO, President & Director.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AL analysts setting a high price target of $60.00 and a low target of $41.00, the average target price over the next 12 months is $53.00. Based on these targets, AL could surge 43.37% to reach the target high and fall by -2.03% to reach the target low. Reaching the average price target will result in a growth of 26.64% from current levels.

Summary of Insider Activity:

Insiders traded AL stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 27 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 177,515 while 82,977 shares were sold.