Air Lease Corporation (NYSE:AL): 9 Analyst have given the stock of Air Lease Corporation (NYSE:AL) a near short term price target of $43.44. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $11.38. The higher price target estimate is at $73 while the lower price estimates are fixed at $36.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Air Lease Corporation (NYSE:AL). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $50.5 per share from a prior target of $33. The rating by the firm was issued on March 15, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP) of Air Lease Corp, Baer Marc H had sold 1,500 shares worth of $48,930 in a transaction dated January 4, 2016. In this transaction, 1,500 shares were sold at $32.62 per share.
Air Lease Corporation (NYSE:AL) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.36 points or 1.28% at $27.72 with 855,075 shares getting traded. Post opening the session at $27.83, the shares hit an intraday low of $27.5 and an intraday high of $28.16 and the price was in this range throughout the day. The company has a market cap of $2,850 million and the number of outstanding shares have been calculated to be 102,829,369 shares. The 52-week high of Air Lease Corporation (NYSE:AL) is $37.14 and the 52-week low is $22.47.
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.