Analysts Set Air Lease Co. (NYSE:AL) PT at $57.60

Shares of Air Lease Co. (NYSE:AL) have been given a consensus rating of “Buy” by the five analysts that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $57.60.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in Air Lease by 0.8% in the third quarter. State Street Corp now owns 3,410,373 shares of the transportation company’s stock valued at $155,180,000 after purchasing an additional 25,874 shares in the last quarter. Royce & Associates LP increased its position in Air Lease by 2.5% in the 3rd quarter. Royce & Associates LP now owns 2,875,522 shares of the transportation company’s stock valued at $130,232,000 after buying an additional 70,299 shares in the last quarter. American Century Companies Inc. increased its position in Air Lease by 5.0% in the 2nd quarter. American Century Companies Inc. now owns 2,433,676 shares of the transportation company’s stock valued at $115,673,000 after buying an additional 115,293 shares in the last quarter. Earnest Partners LLC raised its stake in Air Lease by 7.4% during the 2nd quarter. Earnest Partners LLC now owns 2,269,280 shares of the transportation company’s stock worth $107,859,000 after buying an additional 155,665 shares during the period. Finally, Copeland Capital Management LLC boosted its holdings in Air Lease by 0.7% in the third quarter. Copeland Capital Management LLC now owns 1,830,994 shares of the transportation company’s stock worth $82,926,000 after acquiring an additional 12,441 shares in the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

Air Lease Stock Up 2.4 %

Shares of AL opened at $46.20 on Friday. The company has a market capitalization of $5.15 billion, a PE ratio of 10.52, a PEG ratio of 1.55 and a beta of 1.61. The stock’s 50-day moving average price is $48.82 and its two-hundred day moving average price is $46.50. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 2.63. Air Lease has a 12 month low of $39.15 and a 12 month high of $52.31.

Air Lease Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from Air Lease’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, December 12th. Air Lease’s dividend payout ratio is presently 20.05%.

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.