Analyst Rating Update on Air Lease Corporation (AL)

Air Lease Corporation (AL) : Zacks Investment Research ranks Air Lease Corporation (AL) as 1, which is a Strong Buy recommendation. 8 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 8 research analysts is 1, which indicates as a Strong Buy.

Air Lease Corporation (AL) : 8 Wall Street analysts covering Air Lease Corporation (AL) believe that the average level the stock could reach for the short term is $43.63. The maximum price target given is $73 and the minimum target for short term is around $34, hence the standard deviation is calculated at $12.29.

For the current week, the company shares have a recommendation consensus of Buy.


Air Lease Corporation (NYSE:AL): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.55 and $27.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.98, notching a gain of 1.56% for the day. The total traded volume was 1,330,558 . The stock had closed at $27.55 on the previous day.

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.

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