Today’s Stock On Watch: Is Buying Air Lease Corp Here a Winning Strategy?

Today's Stock On Watch: Is Buying Air Lease Corp Here a Winning Strategy?

The stock of Air Lease Corp (NYSE:AL) hit a new 52-week high and has $52.94 target or 52.00% above today’s $34.83 share price. The 6 months bullish chart indicates low risk for the $3.58 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $52.94 price target is reached, the company will be worth $1.86B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 288,741 shares traded hands. Air Lease Corp (NYSE:AL) has risen 8.83% since April 15, 2016 and is uptrending. It has outperformed by 4.21% the S&P500.

Air Lease Corp (NYSE:AL) Ratings Coverage

Out of 7 analysts covering Air Lease (NYSE:AL), 7 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Air Lease has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Air Lease Corp (NYSE:AL) has “Overweight” rating given on Friday, November 13 by JP Morgan. The stock of Air Lease Corp (NYSE:AL) has “Top Pick” rating given on Friday, May 6 by RBC Capital Markets. DA Davidson initiated Air Lease Corp (NYSE:AL) rating on Friday, August 21. DA Davidson has “Buy” rating and $50 price target. Credit Suisse maintained Air Lease Corp (NYSE:AL) on Monday, December 28 with “Outperform” rating. The rating was reinitiated by FBR Capital on Tuesday, October 13 with “Outperform”. The firm has “Buy” rating by Citigroup given on Monday, March 14. Deutsche Bank maintained the shares of AL in a report on Friday, August 7 with “Buy” rating. FBR Capital maintained it with “Outperform” rating and $37 target price in Friday, August 5 report. The stock of Air Lease Corp (NYSE:AL) earned “Top Pick” rating by RBC Capital Markets on Friday, November 6. RBC Capital Markets maintained the shares of AL in a report on Friday, August 7 with “Top Pick” rating.

According to Zacks Investment Research, “Air Lease Corporation is an aircraft leasing company principally engaged in purchasing commercial aircraft and leasing to airlines around the world. The Company provides leasing services in Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. Air Lease Corporation is based in Los Angeles, California.”

Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.29, from 0.92 in 2016Q1. The ratio is positive, as 19 funds sold all Air Lease Corp shares owned while 76 reduced positions. 29 funds bought stakes while 86 increased positions. They now own 88.75 million shares or 2.17% less from 90.72 million shares in 2016Q1.
Graybill Bartz And Associates Limited holds 2.64% or 106,407 shares in its portfolio. Hudson Bay Mgmt L P has 68,712 shares for 0.06% of their US portfolio. Moreover, Raymond James & Associates has 0.01% invested in Air Lease Corp (NYSE:AL) for 68,400 shares. Moreover, Janney Montgomery Scott Lc has 0.01% invested in Air Lease Corp (NYSE:AL) for 17,814 shares. Nomura Incorporated, a Japan-based fund reported 14,688 shares. Engineers Gate Manager L P has 114,081 shares for 0.22% of their US portfolio. Gagnon Secs Limited Liability Company holds 5.87% of its portfolio in Air Lease Corp (NYSE:AL) for 457,882 shares. The Alabama-based Zweig has invested 1.14% in Air Lease Corp (NYSE:AL). Gradient Invests Ltd holds 0.03% or 11,058 shares in its portfolio. Barton Inv Management has 407,823 shares for 3.97% of their US portfolio. Amp Cap Invsts Ltd has invested 0.02% of its portfolio in Air Lease Corp (NYSE:AL). The Pennsylvania-based Glenmede Na has invested 0% in Air Lease Corp (NYSE:AL). Old National State Bank In, a Indiana-based fund reported 10,900 shares. Tower Research Cap Ltd (Trc) accumulated 0.01% or 4,188 shares. Advsr Asset Management Incorporated owns 8,399 shares or 0% of their US portfolio.

Insider Transactions: Since November 8, 2016, the stock had 0 buys, and 1 insider sale for $951,804 net activity. $951,804 worth of Air Lease Corp (NYSE:AL) was sold by Milton Robert A.

More recent Air Lease Corp (NYSE:AL) news were published by: Seekingalpha.com which released: “Avoid Air Lease Corporation (And The Entire Aircraft Lease Industry)” on September 19, 2016. Also Bloomberg.com published the news titled: “Industry ‘Godfather’ Udvar-Hazy to Cede CEO’s Role at Air Lease” on June 17, 2016. Globenewswire.com‘s news article titled: “Air Lease Corporation Announces Placements of Six New Airbus A321neo Aircraft …” with publication date: September 20, 2016 was also an interesting one.

AL Company Profile

Air Lease Corporation, incorporated on January 22, 2010, is an aircraft leasing company. The Firm is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S. (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. The Firm also provides fleet management services to investors and owners of aircraft portfolios for a management fee. The Firm provides aircraft to airline clients in various markets, such as Asia, the Pacific Rim, Latin America, the Middle East, Europe, Africa and North America.

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