AL - Air Lease Corporation
38.32 0.00 (0.00%)
After hours: 4:17PM EST
| Previous Close | 38.60 |
| Open | 38.68 |
| Bid | 38.35 x 1100 |
| Ask | 38.36 x 1000 |
| Day's Range | 38.26 - 38.92 |
| 52 Week Range | 28.13 - 47.34 |
| Volume | 1,414,048 |
| Avg. Volume | 975,015 |
| Market Cap | 4.251B |
| Beta (3Y Monthly) | 2.04 |
| PE Ratio (TTM) | 5.06 |
| EPS (TTM) | 7.57 |
| Earnings Date | Feb 21, 2019 |
| Forward Dividend & Yield | 0.52 (1.37%) |
| Ex-Dividend Date | 2018-12-12 |
| 1y Target Est | 51.83 |
- InvestorPlace•yesterday
The 10 Best Cheap Stocks to Buy Right Now
With the market up 18% since the late-December low, the argument that stocks -- at least some stocks -- are back to being overvalued and overbought holds at least a little water. Others argue that the rebound rally has only just begun, and valuation isn't yet a problem.The truth is, as usual, somewhere in the middle of the two extremes.For a surprising number of names, however, it's a debate that's largely irrelevant. Some stocks are simply (still) too cheap to overlook, poised to make gains whether or not the broad market's tide helps out in the foreseeable future. For deeply undervalued equities in anything but a wildly bearish environment, the bigger risk is being on the sidelines rather than in a position.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Financial Stocks With Accelerating Growth To that end, here's a rundown of 10 of the market's best cheap stocks to buy right now. In some cases the per-share price is just oddly low. In other cases, prices compared to earnings are well into single-digit territories. In most cases, both qualities apply. In no particular order…Source: NASA Blueshift via Flickr CBS Corporation (CBS)CBS Corporation (NYSE:CBS) may have missed last quarter's revenue and earnings estimates, but shares rallied following the Q4 report anyway because the television giant improved in a big way where it needed to the most … streaming. By 2022, it should have 25 million streaming customers in tow.It's only a sign of the current paradigm shift in how video is delivered to consumers. It's also the reason we've seen a frenzy of M&A within the film and TV arena, the most notable of which is the Walt Disney (NYSE:DIS) acquisition of Twenty-First Century Fox (NASDAQ:FOXA). CBS has also jockeyed to acquire Viacom (NASDAQ:VIAB).With CBS stock priced at only 7.7 times this year's expected earnings though, the company would also make for a dirt-cheap entry or expansion into the entertainment industry.Source: Karen Neoh via Flickr Air Lease (AL)Air Lease (NYSE:AL) relies on at least a decent economy to drive demand for passenger jets, and recently, investors have seen what they think are too many red flags.Take a closer look at all the data, though, and matters aren't as dire as they may seem. While global economic growth may be running into a near-tern headwind in the wake of plenty of political drama, in the bigger picture, airlines still desperately need new aircraft to satisfy demand. In November of last year, and for the 12 months ending then, enplanements and total miles flown once again reached record levels. Boeing (NYSE:BA) believes that between now and 2037, the world's airlines will take delivery of more than 42,000 new aircraft. * 10 Hot Stocks Leading the Market's Blitz Higher Given that trend and outlook, Air Lease is undervalued at its trailing P/E of just above 5. Micron Technology (MU)Add Micron Technology (NASDAQ:MU) to a list of cheap stocks to buy before it's no longer cheap.It's not an easy idea for some investors to get behind. The ramp-up of computer memory production has created a price-cutting glut, and it took a toll on Micron's most recently-reported quarter's bottom line. The previous quarter's gross margins of 59% were further projected to slip to between 50% and 53%, versus estimates of 55%.This is a cycle investors have seen over and over again, however, with the same end result every time. That is, producers will curtail production, abating supply and restoring pricing power. Rivals Samsung Electronics (OTCMKTS:SSNLF) and SK Hynix, in fact, have already decided to slow their DRAM expansion plans, and Micron has vowed to cut capital expenditures by more than $1 billion this year. It could take a while for tempered production to restore DRAM prices, but trading at only 6.5 times this year's projected per-share profits, MU stock is worth the wait. It has been every time before.Source: Shutterstock Citigroup (C)Citigroup (NYSE:C), like most bank stocks, had a rough 2018, and though it has bounced this year, the 2019 rally to-date has been subpar. The stock is trading at a trailing P/E of 9.6, and a forward-looking earnings multiple of 7.5 … cheap even by current banking stock standards, which have been abnormally low.The reason for the mismatched price and forecasted earnings is understandable enough. That is, enough investors are convinced interest rates are going to become just a little too high against a backdrop of just a little too much economic weakness. The concern is largely manifested in the flattening yield curve, which is particularly problematic for banks. * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? As was the case with Air Lease though (and will be for several others below), the worry isn't fully merited.Source: Flickr NCR Corporation (NCR)You may know the company better as National Cash Register Corporation, even though it changed its name years ago to NCR Corporation (NYSE:NCR). The less-limiting moniker reflect the fact that point-of-sale devices are now much more than a means of completing a sale. Since then, the company has expanded into areas like ATM machines, self-service kiosks and full-blown inventory management platforms.It's certainly a move in the right direction, although it's arguable the market isn't giving the new NCR enough credit. Shares are priced at only 8.8 times this year's projected profits.That might have something to do with the fact that outfits like Square (NYSE:SQ) and Paypal (NASDAQ:PYPL) are encroaching in NCR's turf. It's a legitimate concern too. There's a huge subset of companies, however, that will prefer to do business with a long-established name like NCR.Source: Oleg Zaytsev via Flickr Timken (TKR)Timken (NYSE:TKR) is anything but a household name. The company makes ball bearings and industrial transmissions to supply mechanical power where it's needed in a manufacturing environment.It's anything but a riveting (pun fully intended) business. But, it's a business that's starting to grow in earnest again as America's industrial engine revs. After rolling over in 2015 as the nation started to fully transition to a service-oriented economy, the United States began making more goods again in 2016. It's never looked back. * 9 U.S. Stocks That Are Coming to Life Again The paradigm shift has proven to be a boon for Timken, which has grown revenue at a double-digit pace since early 2017. Better still, the new revenue trend has set the stage for earnings growth this year that translates into a projected P/E of only 8.2. General Motors (GM)There's no denying General Motors (NYSE:GM) ran into a headwind three years ago, when "peak auto" became a reality. Though a victim of its own rampant success -- subsequent comparisons have all looked lackluster -- investors tend to only care about how current results stack up against the recent past.Those investors, however, may be unfairly harsh with their treatment of GM stock and its peers. While it remains unclear when we'll see another automobile purchase growth cycle again, General Motors is still a solid cash cow, yielding 3.9% while it sports a dirt cheap trailing P/E of 7.2.Regardless, the car maker continues to impress regardless of the stock's valuation. Nicolas Chahine commented earlier this month "The 2018 barrage of tariff headlines made GM stock a tough trade as it fell sharply off its January 2018 highs. This year so far it has been the total opposite. GM management clearly gave Wall Street reason to rejoice and buy the stock and investors ate it up. This morning, they backed up their claim…"Source: Flickr Lumentum Holdings (LITE)Don't worry if Lumentum Holdings (NASDAQ:LITE) is an unfamiliar name -- most investors probably haven't heard of it. The company makes communications equipment and industrial lasers, and has a big presence in the fiber optic industry.There has never been a time when the world has needed such high-speed connectivity. As more and more wireless devices compete for a finite amount of radio frequency bandwidth, middlemen are looking for easier and faster ways to offload some of that traffic to physical infrastructure. Fiber optic lines are more than up to the task. * Buy These 5 Stocks to Play the Megatrend of the Century The market doesn't seem to see it yet, pricing LITE stock at a forward P/E of 9.4 despite this year's expected revenue growth of 28% and next year's 27%. As time passes though, Lumentum's role in the future of telecom will become clearer.Source: Shutterstock Terex (TEX)Name any piece of mobile machinery, and Terex (NYSE:TEX) probably makes it. From backhoes to cherry pickers to tracked conveyers to cranes, Terex has solutions for almost any industrial application.That diversity hasn't helped revenue in a while, with the top line peaking in 2014. The stock has been hit-and-miss since then … more misses than hits.The doubters may have overshot their pessimism though, sending TEX stock to a forward-looking P/E of 10.5 following what should be nearly 17% revenue growth for 2018. While sales growth is expected to slow this year, the company more often than not topped sales and earnings estimates in 2018. It may hold a few pleasant surprises in store this year. Capital One (COF)Last but not least, add credit card company Capital One Financial (NYSE:COF) to your list of cheap stocks to consider here.Like Citigroup, Air Lease and others, investors have been fearful that a slowing economy -- maybe even a shrinking one -- could work against Capital One. In fact, rising interest rates could hit Capital One particularly hard in that situation, as its target market of risky borrowers could be the first to underpay of stop payments altogether should the global economic condition sour. * 7 Financial Stocks With Accelerating Growth It's another case, however, where the doubters may have overshot. COF stock is now priced at only 7 times this year's expected profits, making it one of the cheapest stocks to own in the financial sector. The worst-case scenario is more than priced in.As of this writing, James Brumley held a long position in CBS Corporation. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Leading the Market's Blitz Higher * 7 Strong Buy Stocks With Over 20% Upside * 5 Growthy Stocks Trading Below 15X Earnings Compare Brokers The post The 10 Best Cheap Stocks to Buy Right Now appeared first on InvestorPlace.
- Zacks•yesterday
Expeditors' (EXPD) Q4 Earnings Surpass Estimates, Up Y/Y
Expeditors (EXPD) outperforms in the fourth quarter of 2018 on the back of strong performances across all its divisions.
- Simply Wall St.•yesterday
Is Air Lease Corporation (NYSE:AL) Excessively Paying Its CEO?
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! In 2016 John Plueger was appointed CEO of Air LeaseRead More...
- Zacks•yesterday
What's in Store for Air Lease (AL) This Earnings Season?
Higher travel demand and lower tax rate expected to drive Air Lease's (AL) Q4 results.
- Zacks•2 days ago
AL vs. WAB: Which Stock Is the Better Value Option?
AL vs. WAB: Which Stock Is the Better Value Option?
- Zacks•2 days ago
Ryder (R) Q4 Earnings & Revenues Beat, 2019 EPS View Up
Ryder's (R) Q4 results benefit from segmental growth and a strong operational excellence. Additionally, the company's full-year earnings outlook is encouraging.
- Zacks•5 days ago
Union Pacific (UNP) Hits 52-Week High, Can the Run Continue?
Union Pacific (UNP) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- Zacks•6 days ago
Triton (TRTN) Q4 Earnings Surpass Estimates, Increase Y/Y
Triton International's (TRTN) fourth-quarter 2018 results are aided by higher operating leases. Efforts to reward shareholders are encouraging as well.
- Zacks•6 days ago
Air Lease (AL) Earnings Expected to Grow: Should You Buy?
Air Lease (AL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks•6 days ago
Are Investors Undervaluing Air Lease (AL) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Zacks•6 days ago
Copa Holdings (CPA) Misses Q4 Earnings Estimates, Down Y/Y
Low passenger revenues with high costs dampen Copa Holdings' (CPA) Q4 results.
- Zacks•7 days ago
JetBlue Posts Rise in January Traffic, Load Factor Down
Strong demand for air travel boosts JetBlue's (JBLU) January traffic. As capacity expansion outpaces traffic growth, load factor declines in the month.
- Business Wire•9 days ago
Air Lease Corporation Announces Lease Placement of Four New Boeing 737 MAX 8 Aircraft with Caribbean Airlines
Air Lease Corporation (AL) (“ALC”) announced today long-term lease agreements with Caribbean Airlines for four new Boeing 737 MAX 8 aircraft, scheduled to deliver to the airline starting in the fourth quarter of 2019 through 2020. “ALC is extremely pleased to announce this lease placement for four new Boeing aircraft with Caribbean Airlines and be the first to introduce the 737 MAX 8 to the airline this year,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
- Markit•12 days ago
See what the IHS Markit Score report has to say about Air Lease Corp.
Air Lease Corp NYSE:ALView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for AL with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding AL totaled $4.93 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Zacks•13 days ago
Azul Ramps up Fleet Renewal Process to Boost Efficiency
Azul (AZUL) aims to improve productivity by accelerating fleet renewal and modernization plans.
- Zacks•16 days ago
Navios Maritime (NMM) Q4 Earnings & Revenues Miss Estimates
Navios Maritime Partners' (NMM) fourth-quarter 2018 results are hurt by a decrease in the time charter equivalent rate.
- GlobeNewswire•16 days ago
Market Trends Toward New Normal in Teva Pharmaceutical Industries, Air Lease, Brunswick, LogMein, Core-Mark Holding, and Vectrus — Emerging Consolidated Expectations, Analyst Ratings
NEW YORK, Feb. 04, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
- Zacks•19 days ago
AL or WAB: Which Is the Better Value Stock Right Now?
AL vs. WAB: Which Stock Is the Better Value Option?
- Zacks•20 days ago
Knight-Swift's (KNX) Q4 Earnings Top Estimates, Stock Up
Strong asset light businesses, cost-control efforts and Abilene Motor Express buyout drive Knight-Swift's (KNX) Q4 results.
- Zacks•20 days ago
Allegiant (ALGT) Stock Up 3% on Q4 Earnings & Revenue Beat
Strong passenger revenues boost Allegiant's (ALGT) Q4 results. However, costs limit bottom-line growth.
- Zacks•20 days ago
Landstar (LSTR) Q4 Earnings Beat, Revenues Lag Estimates
Landstar's (LSTR) Q4 gains from robust truck revenues. However, the company's high operating expenses partly offset results.
- Zacks•21 days ago
Canadian National (CNI) Beats on Q4 Earnings, Hikes Dividend
Strong freight revenues drive Canadian National's (CNI) Q4 results. Also, the company's decision to hike quarterly cash dividend is encouraging.
- Zacks•21 days ago
C.H. Robinson (CHRW) Q4 Earnings Top, Revenues Lag Estimates
C.H. Robinson's (CHRW) Q4 benefits from growth across all transportation service lines. However, soft revenues at Robinson Fresh partly weigh on results.
- Zacks•22 days ago
Is Air Lease (AL) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
