A statement released earlier today by FBR & Co. about Air Lease Corporation (NYSE:AL) bumps the target price to $40.00
- Updated: November 27, 2016
FBR & Co. bumped up the target of Air Lease Corporation (NYSE:AL) to $40.00 stating a potential upside of 0.14%.
On 2/29/2016, Cowen released a statement for Air Lease Corporation (NYSE:AL) bumped down the target price from $40.00 to $36.00 that suggested an upside of 0.23%.
Boasting a price of $35.11, Air Lease Corporation (NYSE:AL) traded 0.94% higher on the day. With the last close up 24.47% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Air Lease Corporation has recorded a 50-day average of $31.61 and a two hundred day average of $29.24. Volume of trade was down over the average, with 344,011 shares of AL changing hands under the typical 971,905
With a total market value of $0, Air Lease Corporation has price-earnings ratio of 11.05 with a one year low of $22.47 and a one year high of $36.42 .
A total of 13 analysts have released a research note on AL. Five analysts rating the company a strong buy, seven analysts rating the company a buy, zero analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $43.23.
More About Air Lease Corporation (NYSE:AL)
Air Lease Corporation is an aircraft leasing company. The Company 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 Company also provides fleet management services to investors and owners of aircraft portfolios for a management fee. The Company provides aircraft to airline customers in various markets, such as Asia, the Pacific Rim, Latin America, the Middle East, Europe, Africa and North America. The Company owns approximately 240 aircraft, including over 180 single-aisle narrowbody jet aircraft, approximately 40 twin-aisle widebody jet aircraft and over 20 turboprop aircraft.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.