Analyst Ratings for Air Lease Corp. (AL)Updated: 2017-07-27
Air Lease Corp. (NYSE:AL) was awarded an average rating of Buy from investment analysts following the stock. AL had previously received a consensus rating of Buy a month ago.
12 analysts issued ratings on the stock, where 10 gave AL a buy rating, 0 gave an overweight rating, 1 issued a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
AL was given price targets by several analysts. The maximum price target given was 79, implying a possible profit of 100.38 percent. The minimum price target given was 28, implying potential capital losses of -28.98 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.74 percent. That number becomes -6.11 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -1.16 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -6.96 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.
AL has an estimated earnings growth rate of -0.76 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of AL is -15.38.
In the last 52-weeks, AL has achieved a high of 41.44 and a low of 27.05. The current market price is above the trailing year's low by 45.75 percent, and 4.86 percent below the high. AL has a P/E ratio of 11.69. Investors typically compare the P/E ratio to a company's peers in the industry. The AL value stock report compares AL to some of its peers using value stock charts. The stock has a market capitalization of $4.13 billion. AL will post this quarters earnings in days, on 0000-00-00.