Press coverage about Air Lease (NYSE:AL) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Air Lease earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the transportation company an impact score of 45.9401566700377 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
Several equities analysts have recently weighed in on the stock. ValuEngine upgraded shares of Air Lease from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Zacks Investment Research lowered shares of Air Lease from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. JPMorgan Chase upped their target price on shares of Air Lease from $48.00 to $54.50 and gave the stock an “overweight” rating in a report on Tuesday, March 6th. Credit Suisse Group restated an “outperform” rating and issued a $57.00 target price (up previously from $55.00) on shares of Air Lease in a report on Friday, February 23rd. Finally, Citigroup upped their target price on shares of Air Lease from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $52.05.
Shares of AL traded down $2.42 on Friday, reaching $41.52. The company’s stock had a trading volume of 1,325,254 shares, compared to its average volume of 651,418. The company has a debt-to-equity ratio of 2.35, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $4,553.13, a PE ratio of 11.38 and a beta of 1.70. Air Lease has a twelve month low of $34.42 and a twelve month high of $50.70.
Air Lease (NYSE:AL) last posted its quarterly earnings data on Thursday, February 22nd. The transportation company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.19. The firm had revenue of $398.47 million during the quarter, compared to analyst estimates of $380.93 million. Air Lease had a net margin of 49.87% and a return on equity of 10.91%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. analysts expect that Air Lease will post 4.34 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 6th. Shareholders of record on Tuesday, March 20th were paid a $0.10 dividend. The ex-dividend date was Monday, March 19th. This represents a $0.40 annualized dividend and a yield of 0.96%. Air Lease’s dividend payout ratio (DPR) is 10.96%.
In other news, insider Steven F. Udvar-Hazy sold 30,363 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $44.25, for a total transaction of $1,343,562.75. Following the completion of the transaction, the insider now directly owns 959,175 shares of the company’s stock, valued at approximately $42,443,493.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Steven F. Udvar-Hazy sold 9,150 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $43.25, for a total transaction of $395,737.50. Following the transaction, the chairman now directly owns 926,962 shares of the company’s stock, valued at $40,091,106.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,077 shares of company stock valued at $3,781,447. Company insiders own 9.76% of the company’s stock.
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About Air Lease
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines.
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