In a report released today, Rajeev Lalwani from Morgan Stanley maintained a Hold rating on Air Lease (AL), with a price target of $45. The company’s shares closed yesterday at $38.97.
According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 6.0% and a 66.2% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Hawaiian Holdings.
Currently, the analyst consensus on Air Lease is a Strong Buy with an average price target of $54.
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Air Lease’s market cap is currently $4.06B and has a P/E ratio of 5.14. The company has a Price to Book ratio of 0.91.
Based on the recent corporate insider activity of 86 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.
