Air Lease Corporation (AL) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AL, as the stock is now down over 11% since 5.
Although this slump was obviously disappointing, this commercial jet rental and leasing services provider has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for AL. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
AL currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include Trinity Industries Inc. (TRN), GATX Corp. (GMT) and The Greenbrier Companies, Inc. (GBX). Trinity Industries and GATX sport a Zacks Rank #1 (Strong Buy), The Greenbrier Companies holds a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
AIR LEASE CORP (AL): Free Stock Analysis Report
TRINITY INDUSTRIES INC (TRN): Free Stock Analysis Report
GATX CORP (GMT): Free Stock Analysis Report
GREENBRIER COS INC (GBX): Free Stock Analysis Report
Zacks Investment Research