Air Lease Corporation with ticker code (AL) now have 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 60 and 52 and has a mean target at $55.29. Given that the stocks previous close was at $39.79 this would imply there is now a potential upside of 39.0%. The 50 day MA is $40.80 and the 200 day MA is $37.84. The market capitalization for the company is $4,388m. Company Website: https://www.airleasecorp.com
The potential market cap would be $6,098m based on the market consensus.
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet aircraft to airlines worldwide. It also sells aircraft from its fleet to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, the company provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2022, it owned a fleet of 417 aircraft, including 306 narrowbody aircraft and 111 widebody aircraft. The company was incorporated in 2010 and is headquartered in Los Angeles, California.
The company has a dividend yield of 2.02% with the ex dividend date set at 15-3-2023 (DMY).
