Air Lease Corporation with ticker code (AL) now have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 55 and 51.5 and has a mean target at 53.93. Now with the previous closing price of 35.61 this indicates there is a potential upside of 51.4%. The 50 day moving average now sits at 34.49 and the 200 moving average now moves to 40.51. The market cap for the company is $3,889m. Company Website: https://www.airleasecorp.com
The potential market cap would be $5,890m based on the market concensus.
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 operating lease portfolio 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, 2021, it owned a fleet of 382 aircraft, including 278 narrowbody aircraft and 104 widebody aircraft. The company was incorporated in 2010 and is headquartered in Los Angeles, California.
