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.
A number of analysts gave price targets for AL. The most optimistic price target was 79, implying a possible profit of 100.38 percent. The most pessimistic analyst gave a price target of 28, which equates to a potential downside of -28.98 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -1.74 percent on average, compared to last month. That number becomes -6.11 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -1.16 percent. If we look at the last 90 days instead, we find a net average change of -6.96 percent in FY estimates.
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 revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
The growth rate of AL's earnings is estimated by analysts to be -0.76 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. AL has a PEG ratio of -15.38.
In the trailing 52-weeks, AL hit 41.44 at the highest peak, while it's lowest trading point was 27.05. Currently the stock is 45.75 percent higher than its low, 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.