Air Lease Corporation (AL) : Zacks Investment Research ranks Air Lease Corporation (AL) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 6 research analysts is 1, which indicates as a Strong Buy.
Air Lease Corporation (AL) : 7 investment research analysts covering Air Lease Corporation (AL) have an average price target of $43.71 for the near short term. The highest target price given by the Brokerage Firm to the stock is $73 and the lowest target is $35 for the short term. Analysts expect the variance to be within $13.31 of the average price.
Air Lease Corporation (NYSE:AL): After opening at $28.62, the stock dipped to an intraday low of $28.55 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.2 and the buying power remained strong till the end. The stock closed at $28.97 for the day, a gain of 1.08% for the day session. The total traded volume was 681,683. The stocks close on the previous trading day was $28.66.
Air Lease Corporation is an aircraft leasing company. The Company is engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus S.A.S. (Airbus), and leasing those aircrafts to airlines around the world. In addition to its leasing activities, it sells aircrafts from its operating lease portfolio to third-parties, including other leasing companies, financial services companies and airlines. It also provides fleet management services to investors and owners of aircraft portfolios. It provides aircrafts to airline customers in geographical regions, including markets, such as Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe. The Company sells aircrafts that are operated by an airline with multiple years of lease term remaining on the contract.