Zacks Investment Research downgraded Air Lease Corp (NYSE:AL) to Sell in a report released today.
- Updated: October 10, 2016
Only yesterday Air Lease Corp (NYSE:AL) traded 1.63% higher at $29.98. Air Lease Corp’s 50-day average is $28.61 and its 200-day moving average is $29.12. The last stock close price is up 2.94% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 761,236 shares of AL changing hands under the typical 999,054
Zacks Investment Research has downgraded Air Lease Corp (NYSE:AL) to Sell in a report released on 10/10/2016.
Previously on 8/05/2016, FBR Capital reported on Air Lease Corp (NYSE:AL) reduced the target price from $40.00 to $37.00. At the time, this indicated a possible upside of 0.33%.
With a total market value of $0, Air Lease Corp has price-earnings ratio of 9.52 with a one year low of $22.47 and a one year high of $35.22 .
A total of 13 analysts have released a research note on AL. Five analysts rating the company a strong buy, 7 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the company a sell with a 12-month price target of $43.23.
General Company Details For Air Lease Corp (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.
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