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Air Lease Corp
AL

$46.32
2.21%
 

About: Air Lease Corp is an aircraft leasing company based in the United States. However, it derives its revenue from the Asia region. Its business involves purchasing aircraft from renowned manufacturers such as The Boeing Company (Boeing) and Airbus S.A.S and leasing them to airline companies across the world. Its suite of aircraft entails single-aisle narrow-bodied jets and twin-aisle wide-bodied aircraft. The company earns from revenue originates from the renting of flight equipment. Geographically it operates in Asia Pacific, Europe, The Middle East and Africa, Central America, South America and Mexico and U.S. and Canada.

Employees: 163

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 5 analysts
0
News positive %
of 7 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

450% more call options, than puts

Call options by funds: $51.3M | Put options by funds: $9.33M

75% more funds holding in top 10

Funds holding in top 10: 8 [Q4 2023] → 14 (+6) [Q1 2024]

36% more first-time investments, than exits

New positions opened: 80 | Existing positions closed: 59

36% more capital invested

Capital invested by funds: $4.16B [Q4 2023] → $5.63B (+$1.48B) [Q1 2024]

11% more repeat investments, than reductions

Existing positions increased: 119 | Existing positions reduced: 107

6% more funds holding

Funds holding: 333 [Q4 2023] → 354 (+21) [Q1 2024]

2.35% more ownership

Funds ownership: 96.36% [Q4 2023] → 98.71% (+2.35%) [Q1 2024]

Research analyst outlook

5 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$48
4%
upside
Avg. target
$54
16%
upside
High target
$56
21%
upside

5 analyst ratings

positive
100%
neutral
0%
negative
0%
TD Cowen
Helane Becker
21%upside
$56
Buy
Maintained
7 May 2024
Barclays
Mark Devries
19%upside
$55
Overweight
Maintained
16 Apr 2024
BMO Capital
James Fotheringham
19%upside
$55
Outperform
Maintained
20 Feb 2024
Barclays
Mark Devries
4%upside
$48
Overweight
Maintained
25 Jan 2024
BMO Capital
James Fotheringham
17%upside
$54
Outperform
Initiated
10 Jan 2024

Financial journalist opinion

Based on 7 articles about AL published over the past 30 days