Merrill Lynch analyst Kristine T. Liwag reiterated a Buy rating on Air Lease (NYSE: AL) today and set a price target of $57. The company’s shares closed yesterday at $44.69.
Liwag has an average return of 10.6% when recommending Air Lease.
According to TipRanks.com, Liwag is ranked #3529 out of 4850 analysts.
Air Lease has an analyst consensus of Moderate Buy, with a price target consensus of $57.50, a 28.7% upside from current levels. In a report issued on August 10, Compass Point also reiterated a Buy rating on the stock with a $58 price target.
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Air Lease’s market cap is currently $4.65B and has a P/E ratio of 6.24. The company has a Price to Book ratio of 1.07.
Based on the recent corporate insider activity of 85 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AL in relation to earlier this year. Last month, 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.
