Air Lease Corporation (NYSE:AL) saw an upside of 6.13% to close Friday at $41.75 after adding $2.41 on the day. The 5-day average trading volume is 527,860 shares of the company’s common stock. It has gained $41.86 in the past week and touched a new high 2 times within the past 5 days. An average of 584,685 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 632,574.
AL’s 1-month performance is 5.80% or $2.29 on its low of $36.52 reached on 09/20/21. The company’s shares have touched a 52-week low of $26.65 and high of $52.96, with the stock’s rally to the 52-week high happening on 03/12/21. YTD, AL has lost -6.01% or -$2.67 and has reached a new high 9 times. However, the current price is down -21.17%% from the 52-week high price.
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On Mar 12, 204 days have gone by since the last insider trading activity for Air Lease Corporation (AL). Korde Kishore (EVP) most recently sold 29,387 shares at $51.96 per share on Mar 12. This transaction cost the insider $1,526,993. EVP, Levy Grant A, sold 10,000 shares at a price of $51.40 on Mar 11. Then, on Mar 08, EVP & MANAGING DIRECTOR, ASIA Chen Jie sold 30,000 shares at a price of $49.00 per share. This transaction amounted to $1,470,000.
The company’s PE ratio for the last five years has touched a high of 13.84 and a low of 2.124. AL stock has a beta of 2.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.44 while the price-to-book (PB) in the most recent quarter is 0.73, with the price to cash flow ratio at 4.87.
Air Lease Corporation pays an annual dividend of $0.64 per share. Its dividend yield is 1.53% and the payout ratio is 18.40%. AL paid $0.16 a share compared with prior rate of $0.16, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.01 reported on Monday November 9 2020. Measured over the last 3 years, the Dividend has been growing by 87.69% yearly.
It is projected that Air Lease Corporation’s next ex-dividend date will be on 20-Dec. AL is expected to distribute $0.16 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.54, while the total debt to equity was 2.54The trailing 12-month EBITDA margin is 94.38% while for the period ending June 29; Air Lease Corporation’s operating margin was 51.80%. The firm’s gross profit as reported stood at $1.37 billion against revenue of $2.02 billion.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Air Lease Corporation’s return on assets over the past 12 months stands at 1.60%. Return on investment over the past year is 4.40%, while its return on equity (ROE) trailing 12 months is 6.20%. In comparison, the average ROE for the broader industry over the past year is 7.00.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AL to announce $0.81 per share in earnings in its latest quarter, but it posted $0.75, representing a -7.40% surprise. EBITDA for the quarter stood at more than $482.48 million. AL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 19.25 billion, with total debt at $16.6 billion. Shareholders hold equity totaling $114.14 million
Let’s look briefly at Air Lease Corporation (AL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 69.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.29%.
The stock’s 5-day moving average is $40.12, reflecting a +7.63% or $2.96 change from its current price. AL is currently trading +4.09% above its 20-day SMA, -6.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.09% and -0.60% respectively.
Stochastic %K and %D was 84.96% and 82.95% and the average true range (ATR) pointed at 1.33. The RSI (14) points at 61.68%, while the 14-day stochastic is at 97.94% with the period’s ATR at 1.30. The stock’s 9-day MACD Oscillator is pointing at 1.20 and 1.45 on the 14-day charts.
In the most recent analyst report for Air Lease Corporation (NYSE: AL), Cowen reiterated its an Outperform rating for the company but lifted their price target by $50 to $51. Analysts offering their rating for AL stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate AL as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.
What is AL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $49.00 and a high of $60.00, with their median price target at $55.00. Looking at these predictions, the average price target given by analysts is for Air Lease Corporation (AL) stock is $54.75.