Air Lease Corporation (AL)
Chart Events
Performance Outlook
| Previous Close | 47.68 |
| Open | 48.51 |
| Bid | 47.81 x 900 |
| Ask | 47.97 x 1000 |
| Day's Range | 45.84 - 48.71 |
| 52 Week Range | 8.41 - 49.17 |
| Volume | 663,808 |
| Avg. Volume | 829,891 |
| Market Cap | 5.465B |
| Beta (5Y Monthly) | 2.20 |
| PE Ratio (TTM) | 10.93 |
| EPS (TTM) | 4.39 |
| Earnings Date | May 05, 2021 - May 10, 2021 |
| Forward Dividend & Yield | 0.64 (1.36%) |
| Ex-Dividend Date | Mar 18, 2021 |
| 1y Target Est | 52.43 |
Fair Value
Related Research
- Investopedia
Top Industrial Stocks for March 2021
The industrial sector includes companies that produce machinery, equipment, and supplies that are used in construction and manufacturing, as well as those that provide related services. Well-known companies include Lockheed Martin Corp. (LMT), Honeywell International Inc. (HON), and 3M Co. (MMM). The industrial sector also includes companies that provide air transportation services such as United Airlines Holdings Inc. (UAL).
- Business Wire
Air Lease Corporation Announces Pricing of $300 Million Offering of Preferred Stock
Air Lease Corporation (NYSE: AL) (the "Company") announced the pricing today of its public offering of 300,000 shares (the "Shares") of 4.65% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (the "Series B Preferred Stock"), with a liquidation preference of $1,000.00 per share. The sale of the Shares is expected to close on March 2, 2021, subject to satisfaction of customary closing conditions.
- Benzinga
P/E Ratio Insights for Air Lease
In the current market session, Air Lease Inc. (NYSE:AL) is trading at $45.60, after a 2.02% drop. However, over the past month, the stock spiked by 8.83%, and in the past year, by 21.37%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 4.48%. The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E indicates that shareholders do not expect the stock to perform better in the future, and that the company is probably undervalued. It shows that shareholders are less than willing to pay a high share price, because they do not expect the company to exhibit growth, in terms of future earnings. Most often, an industry will prevail in a particular phase of a business cycle, than other industries. Air Lease Inc. has a lower P/E than the aggregate P/E of 34.67 of the Trading Companies & Distributors industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors can become unable to attain key insights from trailing earnings. See more from BenzingaClick here for options trades from BenzingaROCE Insights For Air LeaseRecap: Air Lease Q4 Earnings© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
