Somewhat Positive Media Coverage Somewhat Unlikely to Affect Air Lease (AL) Stock Price
News articles about Air Lease (NYSE:AL) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Air Lease earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 44.6746983430565 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
- Air Lease Corp (AL) EVP Sells $438,800.00 in Stock (americanbankingnews.com)
- Nfc Investments Upped By $391,645 Its Air Lease (AL) Stake; Shorts … – Hill Country Times (hillcountrytimes.com)
- Air Lease (AL) Earns Neutral Rating from Analysts at Citigroup (americanbankingnews.com)
- Pekin Singer Strauss Asset Management Has Lifted Its Air Lease (AL) Holding; 6 Analysts Bullish OFG Bancorp (OFG) – Hill Country Times (hillcountrytimes.com)
- Marc H. Baer Sells 5,000 Shares of Air Lease Corp (AL) Stock (americanbankingnews.com)
A number of equities research analysts recently issued reports on AL shares. Royal Bank of Canada increased their price target on Air Lease from $79.00 to $80.00 and gave the stock a “top pick” rating in a research report on Friday, September 29th. Bank of America set a $47.00 price target on Air Lease and gave the stock a “hold” rating in a research report on Thursday, October 19th. Zacks Investment Research downgraded Air Lease from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Cowen increased their price target on Air Lease from $45.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, UBS increased their price target on Air Lease from $30.00 to $31.00 and gave the stock a “sell” rating in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Air Lease presently has a consensus rating of “Hold” and an average target price of $48.50.
Air Lease (NYSE AL) traded down $0.13 during midday trading on Monday, reaching $43.75. The company’s stock had a trading volume of 1,232,869 shares, compared to its average volume of 738,821. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.53. Air Lease has a 12-month low of $34.21 and a 12-month high of $45.15. The company has a market capitalization of $4,530.18, a PE ratio of 12.57, a PEG ratio of 1.32 and a beta of 1.82.
Air Lease (NYSE:AL) last released its earnings results on Thursday, November 9th. The transportation company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Air Lease had a return on equity of 10.87% and a net margin of 25.67%. The firm had revenue of $376.77 million during the quarter, compared to analysts’ expectations of $374.61 million. During the same period in the prior year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. equities research analysts expect that Air Lease will post 3.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, December 13th. This is a boost from Air Lease’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.91%. Air Lease’s dividend payout ratio is presently 8.60%.
In other news, CEO John L. Plueger sold 300,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $41.34, for a total value of $12,402,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,057,310 shares in the company, valued at approximately $43,709,195.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Grant A. Levy sold 10,000 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $43.88, for a total value of $438,800.00. Following the completion of the transaction, the executive vice president now owns 163,824 shares of the company’s stock, valued at $7,188,597.12. The disclosure for this sale can be found here. Insiders have sold 325,000 shares of company stock valued at $13,489,290 over the last 90 days. Corporate insiders own 9.76% of the company’s stock.
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Air Lease Company Profile
Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.
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