Air Lease (NYSE:AL) PT Lowered to $52.00 at JPMorgan Chase & Co.

Air Lease (NYSE:AL) had its price objective reduced by JPMorgan Chase & Co. from $54.00 to $52.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

Several other research analysts have also issued reports on the stock. Barclays cut their target price on shares of Air Lease from $55.00 to $54.00 and set an overweight rating for the company in a research report on Friday, August 2nd. TD Cowen started coverage on Air Lease in a research report on Monday, July 29th. They issued a buy rating and a $58.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $53.67.

Air Lease Stock Performance

Air Lease stock opened at $42.30 on Monday. Air Lease has a 1-year low of $33.33 and a 1-year high of $52.31. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 2.69. The firm has a market capitalization of $4.71 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 1.03 and a beta of 1.59. The firm’s 50 day simple moving average is $46.93 and its 200 day simple moving average is $46.55.

Air Lease (NYSE:AL) last posted its earnings results on Monday, May 6th. The transportation company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.07). Air Lease had a return on equity of 9.03% and a net margin of 20.85%. The business had revenue of $663.31 million for the quarter, compared to analysts’ expectations of $677.26 million. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Air Lease’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, analysts expect that Air Lease will post 6.68 earnings per share for the current fiscal year.

Air Lease Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, September 6th. Air Lease’s dividend payout ratio (DPR) is currently 16.94%.

Institutional Trading of Air Lease

A number of large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP grew its position in shares of Air Lease by 1.2% during the 1st quarter. GSA Capital Partners LLP now owns 18,776 shares of the transportation company’s stock valued at $966,000 after acquiring an additional 217 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Air Lease by 1.4% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 21,757 shares of the transportation company’s stock worth $1,119,000 after acquiring an additional 291 shares during the last quarter. Janney Capital Management LLC raised its stake in Air Lease by 3.1% during the fourth quarter. Janney Capital Management LLC now owns 10,668 shares of the transportation company’s stock valued at $447,000 after purchasing an additional 325 shares in the last quarter. Neo Ivy Capital Management raised its position in shares of Air Lease by 32.4% during the 4th quarter. Neo Ivy Capital Management now owns 1,350 shares of the transportation company’s stock valued at $57,000 after buying an additional 330 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in Air Lease by 6.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,492 shares of the transportation company’s stock valued at $272,000 after purchasing an additional 404 shares during the period. 94.59% of the stock is currently owned by institutional investors.

Air Lease Company Profile

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. The company provides fleet management services to investors and owners of aircraft portfolios.