Air Lease Corp (AL)’s Stock Is Buy After Reaching All Time High

October 13, 2017 - By Louis Casey

Investors sentiment increased to 1.15 in 2017 Q2. Its up 0.22, from 0.93 in 2017Q1. It improved, as 39 investors sold Air Lease Corp shares while 65 reduced holdings. 37 funds opened positions while 83 raised stakes. 90.69 million shares or 0.16% less from 90.84 million shares in 2017Q1 were reported.
Menta Cap Limited Liability Corporation holds 0.03% or 6,800 shares in its portfolio. Ubs Oconnor Ltd Co has invested 0% in Air Lease Corp (NYSE:AL). Neuberger Berman Group Inc Limited Liability Com invested in 0% or 51,593 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt has invested 0.01% in Air Lease Corp (NYSE:AL). Cantab Prtn Llp holds 19,321 shares. Quantitative Invest Management Ltd Liability Corp owns 18,300 shares for 0.01% of their portfolio. 247 were reported by Howe And Rusling Inc. Bb&T holds 24,758 shares. Agf Invests holds 0.04% of its portfolio in Air Lease Corp (NYSE:AL) for 100,000 shares. 41,100 were accumulated by Sls Management Limited Liability. Clearbridge Invests Ltd Limited Liability Company holds 1.22M shares. Veritable Lp holds 0% of its portfolio in Air Lease Corp (NYSE:AL) for 5,702 shares. Jacobs Levy Equity Mgmt holds 0.04% in Air Lease Corp (NYSE:AL) or 44,020 shares. Robeco Institutional Asset Management Bv owns 8,796 shares for 0% of their portfolio. Swiss National Bank & Trust reported 0.01% stake.

Since June 1, 2017, it had 0 insider purchases, and 2 insider sales for $1.14 million activity. The insider Korde Kishore sold 2,000 shares worth $76,000.

The stock of Air Lease Corp (NYSE:AL) reached all time high today, Oct, 13 and still has $46.26 target or 4.00 % above today’s $44.48 share price. This indicates more upside for the $4.59B company. This technical setup was reported by Barchart.com. If the $46.26 PT is reached, the company will be worth $183.60M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.68% or $0.3 during the last trading session, reaching $44.48. About 361,991 shares traded. Air Lease Corp (NYSE:AL) has risen 29.12% since October 13, 2016 and is uptrending. It has outperformed by 12.42% the S&P500.

Analysts await Air Lease Corp (NYSE:AL) to report earnings on November, 2. They expect $0.87 EPS, up 1.16 % or $0.01 from last year’s $0.86 per share. AL’s profit will be $89.78 million for 12.78 P/E if the $0.87 EPS becomes a reality. After $0.92 actual EPS reported by Air Lease Corp for the previous quarter, Wall Street now forecasts -5.43 % negative EPS growth.

Air Lease Corp (NYSE:AL) Ratings Coverage

Among 12 analysts covering Air Lease (NYSE:AL), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Air Lease had 31 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, September 5 by Cowen & Co. FBR Capital maintained it with “Outperform” rating and $40 target in Tuesday, November 22 report. The firm has “Outperform” rating by FBR Capital given on Friday, August 5. The stock of Air Lease Corp (NYSE:AL) earned “Outperform” rating by Cowen & Co on Friday, February 24. On Monday, July 17 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by RBC Capital Markets on Thursday, September 21 with “Buy”. As per Friday, August 21, the company rating was initiated by DA Davidson. RBC Capital Markets maintained the stock with “Buy” rating in Friday, May 26 report. The stock of Air Lease Corp (NYSE:AL) earned “Overweight” rating by JP Morgan on Friday, November 13. The company was maintained on Friday, August 7 by RBC Capital Markets.

More news for Air Lease Corp (NYSE:AL) were recently published by: Globenewswire.com, which released: “Air Lease Corporation Announces Lease Placement of One Additional New Airbus …” on October 12, 2017. Globenewswire.com‘s article titled: “Air Lease Corporation Announces Third Quarter 2017 Earnings Conference Call” and published on October 05, 2017 is yet another important article.

Air Lease Corporation is an aircraft leasing company. The company has market cap of $4.59 billion. The Firm is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company and Airbus S.A.S. (Airbus), and leasing those aircraft to airlines across the world. It has a 12.95 P/E ratio. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

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