Air Lease Corporation which can be found using ticker (AL) have now 7 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 60 and 52 calculating the mean target price we have $55.29. Now with the previous closing price of $39.36 this would indicate that there is a potential upside of 40.5%. Also worth taking note is the 50 day moving average now sits at $40.21 while the 200 day moving average is $38.04. The market capitalization for the company is $4,327m. Visit the company website at: https://www.airleasecorp.com
The potential market cap would be $6,079m 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 2.05% with the ex dividend date set at 15-3-2023 (DMY).
