AL - Air Lease Corporation

NYSE - NYSE Delayed Price. Currency in USD
37.94
-0.35 (-0.91%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close38.29
Open38.29
Bid0.00 x 800
Ask37.90 x 1000
Day's Range37.67 - 38.31
52 Week Range28.13 - 47.34
Volume864,214
Avg. Volume873,998
Market Cap4.216B
Beta (3Y Monthly)2.16
PE Ratio (TTM)8.24
EPS (TTM)4.60
Earnings DateMay 9, 2019
Forward Dividend & Yield0.52 (1.51%)
Ex-Dividend Date2019-03-19
1y Target Est52.00
Trade prices are not sourced from all markets
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    [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 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.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 Oversold Stocks to Run From 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. * 7 Dividend Stocks That Could Double Over the Next Five Years 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 6.6 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 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. * 7 Consumer Stocks to Buy for Income 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. * 7 Companies With Unacceptable CEO-Worker Wage Gaps 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 carmaker 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. * 6 S&P 500 Stocks Ready to Break Out 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. * 10 Stocks to Sell Before They Give Back 2019 Gains 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 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.

  • Business Wire8 days ago

    Air Lease Corporation Announces Delivery of New Airbus A330-900neo Aircraft with Air Mauritius

    “ALC”) announced today the delivery of one new Airbus A330-900neo aircraft on long-term lease to Air Mauritius. Featuring Rolls-Royce Trent 7000 engines, this Airbus aircraft is the first of two A330-900neos to deliver to the airline from ALC’s order book with Airbus. “ALC is delighted to announce the delivery of this first of two new A330-900neo aircraft with Air Mauritius,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.

  • Business Wire11 days ago

    Air Lease Corporation Announces Delivery of First of Six New Airbus A321-200neo LR Aircraft with Air Arabia

    “ALC”) announced the delivery of one new Airbus A321-200neo LR aircraft on long-term lease to Air Arabia. Featuring CFM International LEAP-1A engines, this aircraft is the first of six A321-200neo LRs scheduled to deliver to Air Arabia through 2020 from ALC’s order book with Airbus. This A321-200neo LR is also ALC’s first Airbus long-range A321neo to deliver to the Lessor.

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  • Barrons.com16 days ago

    Air Lease, Fly Leasing Are Two Stocks Where Analysts See Upside

    Goldman launched coverage on the aircraft leasing industry this week, granting Buy ratings to Air Lease and Fly Leasing.

  • Markit17 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 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 | NeutralETF activity is neutral. The net inflows of $1.42 billion over the last one-month into ETFs that hold AL are not among the highest of the last year and have been slowing. 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.

  • Why Air Lease (AL) Could Beat Earnings Estimates Again
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    Why Air Lease (AL) Could Beat Earnings Estimates Again

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  • Business Wire17 days ago

    Air Lease Corporation Announces Lease Placement of Three New Boeing 787-9 Aircraft with Air Premia

    “ALC”) announced long-term lease agreements with Air Premia (South Korea) for three new Boeing 787-9 aircraft, all scheduled for delivery in 2020. The three Dreamliner aircraft are scheduled to deliver starting in Summer 2020 through Fall 2020 from ALC’s order book with Boeing. “We are honored and excited to be providing Air Premia the first three new Boeing 787-9 Dreamliners on long-term lease from ALC,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.

  • Business Wire18 days ago

    Air Lease Corporation Activity Update for the First Quarter of 2019

    Today Air Lease Corporation announced an update on activity taking place in the first quarter of 2019:

  • Air Lease Corporation (NYSE:AL): Is It A Smart Long Term Opportunity?
    Simply Wall St.20 days ago

    Air Lease Corporation (NYSE:AL): Is It A Smart Long Term Opportunity?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! In December 2018, Air Lease Corporation (NYSE:AL) announced its earnings update. Overall...

  • Business Wire22 days ago

    Air Lease Corporation Announces First Quarter 2019 Earnings Conference Call

    Air Lease Corporation (NYSE: AL) (“ALC”) will host a conference call on May 9, 2019 at 4:30 PM Eastern Time to discuss the Company's financial results for the first quarter of 2019. Investors can participate in the conference call by dialing (855) 308-8321 domestic or (330) 863-3465 international. The conference call will also be broadcast live through a link on the Investors page of the Air Lease Corporation website at www.airleasecorp.com.

  • Business Wire25 days ago

    Air Lease Corporation Announces Delivery of First of Five New Boeing 787-9 Aircraft with China Southern Airlines

    “ALC”) announced the delivery of one new Boeing 787-9 aircraft on long-term lease to China Southern Airlines today. Featuring GEnx-1B76A engines, this aircraft is the first of five 787-9 Dreamliner aircraft scheduled to deliver to China Southern Airlines through 2020 from ALC’s order book with Boeing. “We are pleased to announce the first of five ALC Boeing 787-9s joined China Southern Airlines’ world-class fleet today,” said Jie Chen, Executive Vice President and Managing Director, Asia of Air Lease Corporation.

  • GlobeNewswirelast month

    Research Report Identifies Alamos Gold, Thermo Fisher Scientific, Veracyte, Air Lease, Carlisle Companies, and Medidata Solutions with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement

    NEW YORK, March 27, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.