Air Lease Corporation (NYSE:AL) shares fell to a low of $43.815 before closing at $44.87. Intraday shares traded counted 1.25 million, which was -38.89% lower than its 30-day average trading volume of 903.40K. AL’s previous close was $45.49 while the outstanding shares total 113.96M. The firm has a beta of 2.17, a 12-month trailing P/E ratio of 10.20, and a growth ratio of 1.05. The stock’s Relative Strength Index (RSI) is 40.09, with weekly volatility at 4.66% and ATR at 1.66. The AL stock’s 52-week price range has touched low of $19.74 and a $52.96 high. The stock traded lower over the last trading session, losing -1.36% on 05/11/21.
Investors have identified the Rental & Leasing Services company Air Lease Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.66 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Air Lease Corporation (AL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.35 billion total, with 451.09 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 5.51 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on AL sounds very interesting.
Is the stock of AL attractive?
In related news, EVP, Korde Kishore sold 29,387 shares of the company’s stock in a transaction that recorded on Mar 12. The sale was performed at an average price of 51.96, for a total value of 1,526,993. As the sale deal closes, the EVP, Levy Grant A now sold 10,000 shares of the company’s stock, valued at 514,006. Also, EVP & MANAGING DIRECTOR, ASIA, Chen Jie sold 30,000 shares of the company’s stock in a deal that was recorded on Mar 08. The shares were price at an average price of 49.00 per share, with a total market value of 1,470,000. Following this completion of acquisition, the CEO AND PRESIDENT, Plueger John L now holds 79,323 shares of the company’s stock, valued at 3,631,732. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.60%.
9 out of 9 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Air Lease Corporation. 0 analysts has assigned a Sell rating on the AL stock. The 12-month mean consensus price target for the company’s shares has been set at $55.57.