Air Lease Corp (NYSE: AL) is -8.34% lower on its value in year-to-date trading and has touched a low of $39.43 and a high of $52.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AL stock was last observed hovering at around $40.46 in the last trading session, with the day’s gains setting it 3.73%.
Currently trading at $44.19, the stock is -5.06% and -5.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.25 million and changing 9.22% at the moment leaves the stock -5.00% off its SMA200. AL registered -12.32% loss for a year compared to 6-month gain of 2.15%. The firm has a 50-day simple moving average (SMA 50) of $46.6224 and a 200-day simple moving average (SMA200) of $46.5137.
The stock witnessed a 0.98% loss in the last 1 month and extending the period to 3 months gives it a -7.80%, and is -11.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.26% over the week and 4.76% over the month.
Air Lease Corp (AL) has around 165 employees, a market worth around $4.94B and $2.59B in sales. Current P/E ratio is 13.27 and Fwd P/E is 8.64. Profit margin for the company is 14.38%. Distance from 52-week low is 12.07% and -15.52% from its 52-week high. The company has generated returns on investments over the last 12 months (1.50%).
with sales reaching $709.7M over the same period.The EPS is expected to grow by 17.44% this year, but quarterly earnings will post 6.78% year-over-year. Quarterly sales are estimated to grow 6.99% in year-over-year returns.
481.0 institutions hold shares in Air Lease Corp (AL), with institutional investors hold 107.32% of the company’s shares. The shares outstanding are 111.38M, and float is at 103.85M with Short Float at 3.39%. Institutions hold 100.12% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.96 million shares valued at $615.84 million. The investor’s holdings represent 11.6338 of the AL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.35 million shares valued at $587.22 million to account for 11.1129 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.73 million shares representing 6.0387 and valued at over $319.67 million, while JPMORGAN CHASE & CO holds 5.191 of the shares totaling 5.78 million with a market value of $274.79 million.
Air Lease Corp (AL) Insider Activity
The most recent transaction is an insider sale by Levy Grant A, the company’s EVP. SEC filings show that Levy Grant A sold 7,500 shares of the company’s common stock on Nov 29 ’24 at a price of $51.10 per share for a total of $0.38 million. Following the sale, the insider now owns 0.14 million shares.
Still, SEC filings show that on Nov 26 ’24, Khatibi Alex A (EVP) disposed off 10,000 shares at an average price of $50.40 for $0.5 million. The insider now directly holds 66,300 shares of Air Lease Corp (AL).
