Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Air Lease (AL) Stock Price

News headlines about Air Lease (NYSE:AL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Air Lease earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 46.2353840568884 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

Air Lease (NYSE:AL) traded up $0.37 during trading hours on Friday, reaching $47.82. The company had a trading volume of 589,722 shares, compared to its average volume of 738,288. The firm has a market capitalization of $4,898.74, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.42 and a beta of 1.82. Air Lease has a 52-week low of $34.21 and a 52-week high of $47.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 2.53.

Air Lease (NYSE:AL) last issued its earnings results on Thursday, November 9th. The transportation company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.03. Air Lease had a return on equity of 10.87% and a net margin of 25.67%. The company had revenue of $376.77 million for the quarter, compared to analyst estimates of $374.61 million. During the same period in the prior year, the firm posted $1.43 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. sell-side analysts anticipate that Air Lease will post 3.44 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 14th will be given a $0.10 dividend. This is a positive change from Air Lease’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.84%. The ex-dividend date is Wednesday, December 13th. Air Lease’s dividend payout ratio is presently 11.46%.

Several research firms recently weighed in on AL. Citigroup began coverage on Air Lease in a research report on Friday, December 8th. They set a “neutral” rating and a $46.00 price target on the stock. ValuEngine lowered Air Lease from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research raised Air Lease from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. Cowen upped their price target on Air Lease from $45.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. Finally, Credit Suisse Group upped their price target on Air Lease from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Air Lease has an average rating of “Hold” and an average target price of $48.50.

In other Air Lease news, EVP Kishore Korde sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $40.80, for a total value of $81,600.00. Following the transaction, the executive vice president now directly owns 84,410 shares of the company’s stock, valued at approximately $3,443,928. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John L. Plueger sold 300,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $41.34, for a total value of $12,402,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,057,310 shares in the company, valued at $43,709,195.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 379,000 shares of company stock worth $15,919,270. Insiders own 9.76% of the company’s stock.

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Air Lease Company Profile

Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing new commercial jet transport aircraft directly from aircraft manufacturers, such as The Boeing Company (Boeing) and Airbus SAS. (Airbus), and leasing those aircraft to airlines across the world. Along with its leasing activities, the Company sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies and airlines.

Insider Buying and Selling by Quarter for Air Lease (NYSE:AL)

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