The stock of Air Lease Corp (NYSE:AL) hit a new 52-week high and has $36.66 target or 3.00% above today’s $35.59 share price. The 7 months bullish chart indicates low risk for the $3.65 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $36.66 price target is reached, the company will be worth $109.50 million 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 47,601 shares traded hands. Air Lease Corp (NYSE:AL) has risen 8.50% since April 20, 2016 and is uptrending. It has outperformed by 3.94% 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. $73 is the highest target while $33 is the lowest. The $49.08 average target is 37.90% above today’s ($35.59) stock price. Air Lease has been the topic of 16 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, December 28 by Credit Suisse. The rating was upgraded by JP Morgan on Friday, November 13 to “Overweight”. The company was maintained on Friday, August 7 by RBC Capital Markets. FBR Capital maintained Air Lease Corp (NYSE:AL) on Friday, November 4 with “Outperform” rating. The stock of Air Lease Corp (NYSE:AL) earned “Outperform” rating by FBR Capital on Tuesday, November 22. As per Friday, November 6, the company rating was maintained by RBC Capital Markets. Deutsche Bank maintained it with “Buy” rating and $44 target price in Friday, August 7 report. The stock has “Buy” rating given by DA Davidson on Friday, August 21. FBR Capital reinitiated it with “Outperform” rating and $40.0 target price in Tuesday, October 13 report. The rating was maintained by Citigroup with “Buy” on Monday, March 14.
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 worsened, 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.
Btr Cap last reported 1.56% of its portfolio in the stock. Blackrock Institutional Trust Na holds 0.01% of its portfolio in Air Lease Corp (NYSE:AL) for 2.41M shares. Babson Capital Mngmt Ltd Liability has 75,100 shares for 0.05% of their US portfolio. Vontobel Asset Mgmt, a New York-based fund reported 1.10 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 2,891 shares in its portfolio. Cipher Capital L P last reported 0.1% of its portfolio in the stock. Clearbridge Investments Limited Liability Com has 0.03% invested in the company for 926,189 shares. Affinity Inv Advisors Llc accumulated 191,500 shares or 0.38% of the stock. Moreover, Osterweis Cap Management has 3.87% invested in Air Lease Corp (NYSE:AL) for 2.26 million shares. Polaris Cap has 49,019 shares for 0.11% of their US portfolio. Guggenheim Cap Ltd Limited Liability Company, a Illinois-based fund reported 8,470 shares. The New York-based Goldman Sachs Group has invested 0% in Air Lease Corp (NYSE:AL). Aperio Group Ltd Liability holds 20,027 shares or 0% of its portfolio. Sensato Invsts Ltd Liability Com holds 1.39% or 320,705 shares in its portfolio. Southport Mngmt Llc holds 5.94% of its portfolio in Air Lease Corp (NYSE:AL) for 110,343 shares.
Insider Transactions: Since November 8, 2016, the stock had 0 insider purchases, 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 news for Air Lease Corp (NYSE:AL) were recently published by: Bloomberg.com, which released: “Industry ‘Godfather’ Udvar-Hazy to Cede CEO’s Role at Air Lease” on June 17, 2016. Seekingalpha.com‘s article titled: “Avoid Air Lease Corporation (And The Entire Aircraft Lease Industry)” and published on September 19, 2016 is yet another important article.
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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