Air Lease Corporation found using ticker (AL) have now 8 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 61 and 50 with the average target price sitting at 55.88. With the stocks previous close at 44.76 this would imply there is a potential upside of 24.8%. The 50 day moving average now sits at 44.49 and the 200 moving average now moves to 43.55. The market capitalisation for the company is $5,072m. Company Website: https://www.airleasecorp.com
The potential market cap would be $6,333m based on the market concensus.
Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of new commercial jet aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, airlines, and other investors. In addition, it provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2020, the company owned a fleet of 332 aircraft, including 236 narrowbody aircraft and 96 widebody aircraft. Air Lease Corporation was incorporated in 2010 and is headquartered in Los Angeles, California.
