Cowen & Co. analyst Helane Becker reiterated a Buy rating on Air Lease (AL) yesterday and set a price target of $54. The company’s shares closed yesterday at $38.86.
According to TipRanks.com, Becker is a top 25 analyst with an average return of 21.5% and a 75.6% success rate. Becker covers the Services sector, focusing on stocks such as Allegiant Travel Company, Air Transport Services, and WestJet Airlines Ltd.
Air Lease has an analyst consensus of Moderate Buy, with a price target consensus of $53.
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Based on Air Lease’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $147 million. In comparison, last year the company had a net profit of $99.19 million.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Steven Udvar-Hazy, the EC of AL bought 1,500 shares for a total of $30,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity.
