Air Lease Co. (NYSE:AL – Get Free Report)’s share price gapped down prior to trading on Friday after Barclays lowered their price target on the stock from $55.00 to $54.00. The stock had previously closed at $47.71, but opened at $41.23. Barclays currently has an overweight rating on the stock. Air Lease shares last traded at $40.97, with a volume of 42,394 shares changing hands.
Separately, TD Cowen initiated coverage on shares of Air Lease in a report on Monday. They set a “buy” rating and a $58.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $54.00.
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Air Lease Price Performance
The company’s fifty day moving average is $47.44 and its two-hundred day moving average is $46.45. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market cap of $4.46 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 1.07 and a beta of 1.59.
Air Lease (NYSE:AL – Get Free Report) last released its quarterly earnings data on Monday, May 6th. The transportation company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.07). Air Lease had a net margin of 21.89% and a return on equity of 9.00%. The company had revenue of $663.31 million during the quarter, compared to analysts’ expectations of $677.26 million. During the same period last year, the business earned $1.06 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Air Lease Co. will post 6.68 EPS for the current year.
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.
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