Price Change to Note: Could Air Lease Corp Lose its Strength? The Stock Reaches 52-Week High

Price Change to Note: Could Air Lease Corp Lose its Strength? The Stock Reaches 52 Week High

The stock of Air Lease Corp (NYSE:AL) hit a new 52-week high and has $36.96 target or 3.00% above today’s $35.88 share price. The 9 months bullish chart indicates low risk for the $3.72 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $36.96 price target is reached, the company will be worth $111.60M 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 244,950 shares traded hands. Air Lease Corp (NYSE:AL) has risen 14.64% since April 28, 2016 and is uptrending. It has outperformed by 8.72% the S&P500.

Analysts await Air Lease Corp (NYSE:AL) to report earnings on February, 23. They expect $0.83 earnings per share, down 29.06% or $0.34 from last year’s $1.17 per share. AL’s profit will be $86.05M for 10.81 P/E if the $0.83 EPS becomes a reality. After $0.86 actual earnings per share reported by Air Lease Corp for the previous quarter, Wall Street now forecasts -3.49% negative EPS growth.

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 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Friday, November 6 the stock rating was maintained by RBC Capital Markets with “Top Pick”. The rating was maintained by FBR Capital on Friday, November 4 with “Outperform”. The stock has “Outperform” rating given by Credit Suisse on Monday, December 28. The firm has “Outperform” rating by FBR Capital given on Tuesday, November 22. The company was maintained on Friday, August 7 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Top Pick” on Friday, May 6. The stock has “Outperform” rating given by FBR Capital on Friday, August 5. FBR Capital reinitiated it with “Outperform” rating and $40.0 target price in Tuesday, October 13 report. The stock has “Buy” rating given by Citigroup on Monday, March 14. The firm has “Buy” rating given on Friday, August 21 by DA Davidson.

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 decreased to 1.11 in Q2 2016. Its down 0.10, from 1.21 in 2016Q1. The ratio fall, 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.
Gotham Asset Management Ltd Limited Liability Company accumulated 0% or 9,531 shares. Ibm Retirement Fund holds 9,722 shares or 0.01% of its portfolio. Ci Invests reported 446,200 shares or 0.15% of all its holdings. Old Natl Bancorporation In has 0.02% invested in the company for 10,900 shares. Bancorporation Of America Corp De last reported 714,713 shares in the company. Group Inc One Trading Ltd Partnership accumulated 14,476 shares or 0% of the stock. Bnp Paribas Ptnrs Sa holds 137,362 shares or 0.03% of its portfolio. Hightower Advisors Lc last reported 0.01% of its portfolio in the stock. Moreover, Shufro Rose & Company Ltd has 0.08% invested in Air Lease Corp (NYSE:AL) for 28,200 shares. Cannell Peter B & Inc has 0.67% invested in the company for 690,557 shares. Millennium Mngmt Ltd Limited Liability Company owns 362,797 shares or 0.02% of their US portfolio. Rhumbline Advisers last reported 84,516 shares in the company. Lord Abbett Ltd Co holds 0.03% of its portfolio in Air Lease Corp (NYSE:AL) for 339,700 shares. Barclays Public accumulated 1,579 shares or 0% of the stock. Us Bancorporation De last reported 10,576 shares in the company.

Insider Transactions: Since November 8, 2016, the stock had 0 buys, and 1 insider sale for $951,804 net activity. The insider Milton Robert A sold 30,000 shares worth $951,804.

More important 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 article titled: “Industry ‘Godfather’ Udvar-Hazy to Cede CEO’s Role at Air Lease”, Globenewswire.com published: “Air Lease Corporation Announces Placements of Six New Airbus A321neo Aircraft …” on September 20, 2016. More interesting news about Air Lease Corp (NYSE:AL) was released by: Seekingalpha.com and their article: “Air Lease Corporation: Don’t Miss The Message On The Executive Changes” with publication date: August 31, 2016.

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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