Air Lease Co. (NYSE:AL) Receives $57.60 Average Target Price from Analysts

Shares of Air Lease Co. (NYSE:AL) have received an average rating of “Buy” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is $57.60.

Several analysts recently weighed in on AL shares. The Goldman Sachs Group reissued a “buy” rating and issued a $65.00 price objective on shares of Air Lease in a research note on Thursday, November 21st. JPMorgan Chase & Co. upped their price target on Air Lease from $52.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th.

Air Lease Stock Down 0.2 %

NYSE:AL opened at $45.95 on Tuesday. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.43 and a quick ratio of 0.43. Air Lease has a one year low of $39.35 and a one year high of $52.31. The firm’s 50 day simple moving average is $47.71 and its 200 day simple moving average is $46.28. The company has a market cap of $5.12 billion, a PE ratio of 10.47, a P/E/G ratio of 1.00 and a beta of 1.59.

Hedge Funds Weigh In On Air Lease

Several hedge funds and other institutional investors have recently bought and sold shares of AL. Allspring Global Investments Holdings LLC grew its stake in Air Lease by 43.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,800,723 shares of the transportation company’s stock worth $134,332,000 after purchasing an additional 842,780 shares during the period. Raymond James Financial Inc. bought a new position in shares of Air Lease during the 4th quarter worth approximately $31,414,000. Loomis Sayles & Co. L P acquired a new stake in shares of Air Lease during the 3rd quarter worth approximately $18,289,000. William Blair Investment Management LLC increased its stake in shares of Air Lease by 32.1% in the 4th quarter. William Blair Investment Management LLC now owns 799,478 shares of the transportation company’s stock valued at $38,543,000 after acquiring an additional 194,189 shares in the last quarter. Finally, Highland Peak Capital LLC acquired a new position in shares of Air Lease during the 3rd quarter valued at $7,066,000. Institutional investors and hedge funds own 94.59% of the company’s stock.

About Air Lease

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.