AL - Air Lease Corporation
| Previous Close | 39.86 |
| Open | 39.89 |
| Bid | 0.00 x 1000 |
| Ask | 41.04 x 800 |
| Day's Range | 39.82 - 40.58 |
| 52 Week Range | 28.13 - 47.34 |
| Volume | 590,096 |
| Avg. Volume | 928,659 |
| Market Cap | 4.458B |
| Beta (3Y Monthly) | 2.08 |
| PE Ratio (TTM) | 8.31 |
| EPS (TTM) | 4.83 |
| Earnings Date | Aug 7, 2019 - Aug 12, 2019 |
| Forward Dividend & Yield | 0.52 (1.30%) |
| Ex-Dividend Date | 2019-06-04 |
| 1y Target Est | 51.92 |
- Investor's Business Daily•17 hours ago
IBD 50 Stocks To Watch: A Quiet Player At The Paris Air Show
Air Lease announced three deals so far at this week's Paris Air Show, just as its stock attempts to climb past a flat base buy point.
- Reuters•yesterday
Factbox: Airbus and Boeing aircraft deals at Paris Airshow
- American City Business Journals•yesterday
Boeing lines up 787 Dreamliner deals at Paris Air Show
An Asian airline has committed to potential deals involving 30 787 Dreamliners and an aircraft leasing giant commits to five more.
- Bloomberg•2 days ago
Boeing Gets a Big Win, But at What Cost?
(Bloomberg Opinion) -- Boeing Co. just got a big vote of confidence, but it still has much to prove.The commercial-jet maker on Tuesday announced a surprise order for its 737 Max jet – the first since the top-selling aircraft was involved in two fatal crashes that prompted regulators around the globe to ground it and sparked a full-blown crisis for the company. British Airways owner IAG SA signed a letter of intent for 200 of the planes at the Paris Air Show, with IAG CEO Willie Walsh saying he “would get on board a Max tomorrow.”It was Boeing’s most significant win of the event and helps the aerospace giant close the gap in its annual order showdown with arch-rival Airbus SE, which had racked up an impressive lead thanks to interest in the new longer-range version of its largest-single aisle jet. But this air show was always about more than orders for Boeing. Expectations for orders in general were low this year but expectations for Max orders were at zero. IAG’s willingness to back the Max gives Boeing’s reputation the credibility boost it so badly needed. The question is whether Boeing has done enough in terms of improving its transparency, communication and oversight issues to deserve that kind of endorsement.The relative dearth of orders for Boeing jets in the wake of the Max crisis had been the strongest means yet of holding the company accountable. The Max order – as well as orders for the 787 Dreamliner from Air Lease Corp. and Korean Airlines Co., also inked on Tuesday – gets it out of the aviation industry’s version of timeout. That was always inevitable: Boeing and Airbus enjoy a relative duopoly in commercial aviation and airlines would be reluctant to tilt the market-share balance too much in Airbus’s favor. But that doesn’t create much incentive for Boeing to fundamentally change its ways.CEO Dennis Muilenburg has created a special board committee to review Boeing’s operations, and has apologized for not notifying regulators or airlines earlier that a warning light linked to the software system at the heart of the Max’s woes wasn’t functioning properly. While there are no immediate plans to do so, Boeing CFO Greg Smith told Bloomberg News’s Julie Johnsson that the company could be open to changing the name of the plane, based on customer and passenger input. But will real changes actually be made? Will it take another Max crisis for us to find out if they were? It may be that Boeing will pay the pay the price for its missteps one way or another. For all the fixation on the Max and the debate around how long it would take for passengers to feel comfortable flying on the plane, Boeing’s customers have remained resolute in their support for the jet and its underlying value. “All of the operators of the Max, I can tell you, everyone likes it,” AerCap Holdings NV CEO Aengus Kelly said in an interview last week. “The fuel burn has been very good. People realize that and are trying to take advantage of the situation.” A win is a win, but what did Boeing have to give up to secure this kind of support from IAG? The deal is valued at $24 billion before accounting for customary discounts. The carrier is well-respected and isn’t usually the type to shop based on price. Its CEO is a former 737 pilot. In some ways, that makes this deal mean even more. But speculation about whether this was a sweetheart deal is likely to swirl.Boeing can now leave the Air Show with its head held a little higher, but its reputation won’t be rebuilt overnight.To contact the author of this story: Brooke Sutherland at bsutherland7@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Markit•2 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 are seeing positive inflows * Bearish sentiment is moderate * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderate for AL with between 5 and 10% of shares outstanding currently 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 | PositiveETF activity is positive. Over the last month, ETFs holding AL are favorable, with net inflows of $2.62 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, 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.
- MarketWatch•2 days ago
Boeing's stock climbs, after commitments for Dreamliners announced
Shares of Boeing Co. rose 1.1% in premarket trading Tuesday, after the aerospace and defense giant announced a commitment from aircraft leasing company Air Lease Corp. to buy five 787-9 Dreamliners valued at $1.5 billion. "We are thrilled that ALC has decided to add more 787 Dreamliners to its elite portfolio of airplanes that they place with customers across the globe," said Ihssane Mounir, senior vice president of commercial sales and marketing at Boeing. This follows an announcement at the Paris Air Show earlier Tuesday from Boeing, Korean Air and Air Lease (ALC) that Korean Air has committed to buying 10 new 787-10s and 10 additional 787-9 airplanes valued at $6.3 billion, and will lease 10 787-10s from ALC. Boeing's stock has gained 10.1% year to date through Monday and Air Lease shares have rallied 28.0%, while the Dow Jones Industrial Average has advanced 11.9%.
- PR Newswire•2 days ago
Boeing, Air Lease Corporation Announce Commitment for Five 787-9 Dreamliners
ALC adds five more 787-9s to its fleet of 56 Dreamliners The 787 is the fastest-selling widebody jet in history with more than 1,400 total orders from over 80 customers LE BOURGET , Paris , June 18, 2019 ...
- Business Wire•2 days ago
Air Lease Corporation Announces Lease Placement of Ten New Boeing 787-10 Aircraft with Korean Air
“ALC”) announced the long-term lease placement with Korean Air for ten new Boeing 787-10 aircraft. Scheduled to deliver to the airline starting in 2021 through 2023 from ALC’s order book with Boeing, these ten 787-10s from ALC are the first -10 Dreamliner aircraft to be placed in Korean Air’s fleet. “As a launch customer for the 787-10, ALC is thrilled to announce this major lease placement introducing the 787-10 to Korean Air’s fleet, a project we have worked on with Korean and Boeing for a long time.
- PR Newswire•2 days ago
Korean Air Announces Intent to Acquire 30 787 Dreamliners
"ALC"] today announced at the Paris Air Show the airline plans to add 30 new 787 Dreamliner airplanes to its fleet, with a commitment to purchase 10 new 787-10s and 10 additional 787-9 airplanes valued at $6.3 billion at current list prices. As part of this agreement, Korean Air will also lease 10 787-10s from ALC. The airline, one of the largest transpacific carriers in Asia with 16 non-stop routes to North America, will introduce the larger 787-10 to complement its long-haul fleet of 787-9 and 777 airplanes.
- Business Wire•2 days ago
Air Lease Corporation Announces Lease Placement of Six New Airbus A330-900neos with Virgin Atlantic Airways
“ALC”) announced long-term lease placements for six new Airbus A330-900neo aircraft with Virgin Atlantic Airways. The six new A330-900neos are scheduled to deliver to the airline starting in 2021 through 2022 from ALC’s order book with Airbus. “ALC is pleased to confirm another historic and important transaction with Virgin Atlantic Airways for six new A330-900neos to update and modernize the airline’s long-haul widebody fleet,” said Marc Baer, Executive Vice President of Air Lease Corporation.
- Reuters•2 days ago
Air Lease signs long-term lease placements for four Airbus jets
- Business Wire•2 days ago
Air Lease Corporation Announces Lease Placement of Three New Airbus A321-200neo Aircraft with Sky Airline
“ALC”) announced long-term lease placements with Sky Airline (Chile) for three new Airbus A321-200neo aircraft. Scheduled to deliver to Sky starting in 2020 through 2021, the three new A321-200neos will deliver from ALC’s order book with Airbus and join three A320-200neos currently on lease to the airline from the Lessor. “Sky Airline is a key ALC customer in the Latin American market and we are pleased to be the first to place the A321-200neo in the airline’s growing narrowbody fleet,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
- Business Wire•2 days ago
Air Lease Corporation Announces Lease Placement of Two New Airbus A320neo and Two New A321neo LR Aircraft with Peach
“ALC”) announced today long-term lease placements for two new Airbus A320neo and two new Airbus A321neo LR aircraft with Peach Aviation Limited (Japan). The four new Airbus aircraft are scheduled to deliver to Peach starting in 2020 through 2022 from ALC’s order book with Airbus. “ALC is thrilled to confirm this significant lease placement with Peach for four new Airbus aircraft and contribute to the airline’s growing all-Airbus A320 fleet,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
- American City Business Journals•3 days ago
Airbus launches new airplane to rival Boeing's proposed NMA
JetBlue and American Airlines are among possible U.S. buyers for Airbus' new single-aisle jet, which was officially launched Monday in Paris and may rival a Boeing plane.
- Investor's Business Daily•3 days ago
Airbus, GE Notch Paris Air Show Wins As Boeing Open To 737 Name Change
Airbus and GE announced their first orders at the Paris Air Show Monday, while Boeing said it's open to changing the 737 Max's name.
- Reuters•3 days ago
Airbus launches new A321XLR jet and wins Air Lease Corp orders
- Business Wire•3 days ago
Air Lease Corporation Announces Lease Placement of Three New Airbus A350-900 and One New Airbus A350-1000 Aircraft with Air Caraïbes and FrenchBee
“ALC”) announced long-term lease agreements with Air Caraïbes and FrenchBee, part of Groupe Dubreuil Aéro, for three new Airbus A350-900 and one new Airbus A350-1000 aircraft, on lease from ALC’s order book with Airbus. The three A350-900s are scheduled to deliver to Air Caraïbes starting in 2019 through 2020, the first of which delivered to the airline on June 12, 2019 on lease to FrenchBee. “ALC is pleased to announce these four A350 lease placements, as well as celebrate the first A350-900 delivery to Air Caraïbes and FrenchBee,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
- Business Wire•3 days ago
Air Lease Corporation Announces Lease Placement of Ten Airbus A321-200neo Aircraft with Sichuan Airlines
Air Lease Corporation announced today long-term lease agreements for ten Airbus A321-200neo aircraft with Sichuan Airlines. Scheduled to deliver from ALC’s order book with Airbus starting in 2021 through 2022, the ten A321-200neos join one A350-900, one A321-200neo, one A320-200neo, four A321-200s, one A330-300 and one A330-200 aircraft currently on lease to the airline from ALC.
- Business Wire•3 days ago
Air Lease Corporation Announces Lease Placement of New Boeing 787-9 Aircraft with LOT Polish Airlines
“ALC”) announced today a long-term lease agreement for one new Boeing 787-9 aircraft with LOT Polish Airlines. This 787-9 is scheduled to deliver to the airline in Spring 2020 from ALC’s order book with Boeing. “We are pleased to announce this new Boeing 787-9 deal with LOT today,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
- Business Wire•3 days ago
Air Lease Corporation Announces Lease Placement of New Boeing 787-10 Aircraft with KLM
“ALC”) announced today a long-term lease placement for one new Boeing 787-10 aircraft with KLM Royal Dutch Airlines, scheduled for delivery in Spring 2021. The 787-10 aircraft will deliver from ALC’s order book with Boeing and join four 777-300ERs, one 777-200ER, three 737-800s and two Airbus A330-200s currently on lease to KLM from ALC. “This new Boeing 787-10 placement continues ALC’s long and excellent relationship with KLM, one of our key European airline customers,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
- Financial Times•3 days ago
Airbus steps up pressure on Boeing with $10bn-plus new orders
dominates the global aerospace market, kicked off the Paris Air Show by unveiling a multibillion-dollar order for 100 single-aisle planes from Air Lease Corporation, one of the world’s largest aircraft leasing companies. The new plane will be in the air at least two years before Boeing’s own new planned mid-market plane, which is designed to bridge the gap between the US company’s biggest single-aisle passenger jet and the 787 Dreamliner twin aisle. Kevin McAllister, head of Boeing Commercial Airplanes, said on Monday that Boeing continued to “work on the business case” for a new midsized jet.
- InvestorPlace•6 days ago
The 10 Best Cheap Stocks to Buy Right Now
[Editor's note: This story was previously published in February 2019. It has since been updated and republished by InvestorPlace staff.]With the market up more than 20% since the late-December lows, 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.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor 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. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 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 be down of late, but I still have confidence in CBS stock anyway. The television giant has 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 7.5 times this year's expected earnings though, the company would also make for a dirt-cheap entry or expansion into the entertainment industry. Air Lease (AL)Source: Karen Neoh via FlickrAir 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-term 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. * 7 First-Half IPO Stocks That Will Falter in 2019's Second Half Given that trend and outlook, Air Lease is undervalued at its forward P/E of just above 5.8. Micron Technology (MU)Source: Shutterstock 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 7.6 times this year's projected per-share profits, MU stock is worth the wait. It has been every time before. Citigroup (C)Source: Shutterstock 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 10, and a forward-looking earnings multiple of 8 … 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. * The 7 Best Tech Stocks to Buy for the Second Half of 2019 As was the case with Air Lease though (and will be for several others below), the worry isn't fully merited. NCR Corporation (NCR)Source: Shutterstock 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 10 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. Timken (TKR)Source: Oleg Zaytsev via FlickrTimken (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. * 5 Great Dividend Stocks to Buy From the Tech Sector 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 8.3. General Motors (GM)Source: Shutterstock 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 4.25% while it sports a dirt cheap trailing P/E of 5.7.Regardless, the carmaker continues to impress regardless of the stock's valuation. Nicolas Chahine commented, "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…" 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. * 3 Hot Trades for 3 Spicy IPO Stocks The market doesn't seem to see it yet, pricing LITE stock at a forward P/E of 9.7 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. Terex (TEX)Source: Shutterstock 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 7.2 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)Source: Eric Hauser via Flickr (Modified)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. * 3 Hot Internet Stock Trades It's another case, however, where the doubters may have overshot. COF stock is now priced at only 7.5 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 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post The 10 Best Cheap Stocks to Buy Right Now appeared first on InvestorPlace.
- Insider Monkey•10 days ago
Did Hedge Funds Drop The Ball On Dumping Air Lease Corp (AL) ?
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
