In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $51.55 in the prior trading day, Air Lease Corp (NYSE: AL) closed at $47.79, down -7.29%. In other words, the price has decreased by -$7.29 from its previous closing price. On the day, 3.28 million shares were traded. AL stock price reached its highest trading level at $48.265 during the session, while it also had its lowest trading level at $46.22.
Ratios:
Our goal is to gain a better understanding of AL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.19 and its Current Ratio is at 0.19. In the meantime, Its Debt-to-Equity ratio is 2.69 whereas as Long-Term Debt/Eq ratio is at 2.45.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on May-08-24, Reiterated its Buy rating but revised its target price to $56 from $59 previously.
On January 10, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $54.
On November 15, 2023, Barclays started tracking the stock assigning a Overweight rating and target price of $46.Barclays initiated its Overweight rating on November 15, 2023, with a $46 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 15 ’24 when Khatibi Alex A sold 11,199 shares for $47.37 per share. The transaction valued at 530,447 led to the insider holds 76,300 shares of the business.
Levy Grant A sold 7,500 shares of AL for $351,165 on Mar 15 ’24. The EVP now owns 150,815 shares after completing the transaction at $46.82 per share. On Mar 05 ’24, another insider, Khatibi Alex A, who serves as the EVP of the company, sold 11,198 shares for $43.11 each. As a result, the insider received 482,740 and left with 87,499 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AL now has a Market Capitalization of 5322229248 and an Enterprise Value of 24247898112. As of this moment, Air’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.64, and their Forward P/E ratio for the next fiscal year is 9.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.10 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 8.94.
Stock Price History:
Over the past 52 weeks, AL has reached a high of $52.31, while it has fallen to a 52-week low of $33.33. The 50-Day Moving Average of the stock is 0.19%, while the 200-Day Moving Average is calculated to be 14.74%.
Shares Statistics:
The stock has traded on average 1.56M shares per day over the past 3-months and 873770 shares per day over the last 10 days, according to various share statistics. A total of 111.03M shares are outstanding, with a floating share count of 103.45M. Insiders hold about 7.11% of the company’s shares, while institutions hold 91.55% stake in the company. Shares short for AL as of 1713139200 were 4469473 with a Short Ratio of 2.87, compared to 1710460800 on 2950043. Therefore, it implies a Short% of Shares Outstanding of 4469473 and a Short% of Float of 4.29.
Dividends & Splits
In the trailing 12 months, AL’s forward annual dividend rate was 0.81, compared to 0.82 this year. Against a Trailing Annual Dividend Yield of 0.0157129The stock’s 5-year Average Dividend Yield is 1.72.
