Air Lease (NYSE:AL) Reaches New 52-Week Low – What’s Next?

Shares of Air Lease Co. (NYSE:AL) hit a new 52-week low on Wednesday . The stock traded as low as $38.25 and last traded at $44.09, with a volume of 1464228 shares. The stock had previously closed at $40.46.

Wall Street Analyst Weigh In

Several brokerages recently commented on AL. JPMorgan Chase & Co. boosted their price target on Air Lease from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. UBS Group set a $50.00 price target on shares of Air Lease in a research note on Friday, March 7th. Finally, Bank of America downgraded shares of Air Lease from a “buy” rating to an “underperform” rating and cut their price target for the company from $72.00 to $50.00 in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.67.

Air Lease Stock Up 0.9 %

The company has a debt-to-equity ratio of 2.68, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a 50 day simple moving average of $46.36 and a 200-day simple moving average of $46.81. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.34.

Air Lease (NYSE:AL) last announced its earnings results on Thursday, February 13th. The transportation company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.82 by $0.44. Air Lease had a return on equity of 8.01% and a net margin of 15.65%. On average, sell-side analysts forecast that Air Lease Co. will post 5.16 EPS for the current fiscal year.

Air Lease Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Tuesday, March 18th were given a $0.22 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 2.14%. Air Lease’s payout ratio is 26.43%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd bought a new stake in shares of Air Lease during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. acquired a new stake in shares of Air Lease during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB bought a new stake in Air Lease in the third quarter valued at about $31,000. Versant Capital Management Inc lifted its stake in Air Lease by 88.1% in the first quarter. Versant Capital Management Inc now owns 743 shares of the transportation company’s stock valued at $36,000 after buying an additional 348 shares during the period. Finally, Engine Capital Management LP bought a new position in Air Lease during the fourth quarter worth about $36,000. Institutional investors own 94.59% of the company’s stock.

About Air Lease

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.