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Air Lease Corp (NYSE: AL) closed the day trading at $43.83 down -0.84% from the previous closing price of $44.20. In other words, the price has decreased by -$0.84 from its previous closing price. On the day, 0.7 million shares were traded. AL stock price reached its highest trading level at $44.67 during the session, while it also had its lowest trading level at $43.82.
Ratios:
For a better understanding of AL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.17 and its Current Ratio is at 0.17. In the meantime, Its Debt-to-Equity ratio is 2.69 whereas as Long-Term Debt/Eq ratio is at 2.46.
On May 07, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $59 to $56.
On January 10, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $54.BMO Capital Markets initiated its Outperform rating on January 10, 2024, with a $54 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 May 15 ’24 when Willis Gregory B sold 11,270 shares for $50.06 per share. The transaction valued at 564,192 led to the insider holds 67,099 shares of the business.
Khatibi Alex A sold 11,199 shares of AL for $530,447 on Mar 15 ’24. The EVP now owns 76,300 shares after completing the transaction at $47.37 per share. On Mar 15 ’24, another insider, Levy Grant A, who serves as the EVP of the company, sold 7,500 shares for $46.82 each. As a result, the insider received 351,165 and left with 150,815 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 4881654272 and an Enterprise Value of 24106694656. As of this moment, Air’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.39, and their Forward P/E ratio for the next fiscal year is 9.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 8.907.
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 -2.35%, while the 200-Day Moving Average is calculated to be -3.54%.
Shares Statistics:
Over the past 3-months, AL traded about 769.77K shares per day on average, while over the past 10 days, AL traded about 878830 shares per day. A total of 111.03M shares are outstanding, with a floating share count of 103.93M. Insiders hold about 6.69% of the company’s shares, while institutions hold 97.48% stake in the company. Shares short for AL as of 1726185600 were 3196021 with a Short Ratio of 4.15, compared to 1723680000 on 3516925. Therefore, it implies a Short% of Shares Outstanding of 3196021 and a Short% of Float of 3.0700000000000003.
Dividends & Splits
AL’s forward annual dividend rate is 0.84, up from 0.83 a year ago. Against a Trailing Annual Dividend Yield of 0.01877828The stock’s 5-year Average Dividend Yield is 1.76.
