Recent exceptional positive changes in investment behavior have benefitted Air Lease Corp (NYSE: AL): positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Air Lease Corp (NYSE: AL) has benefited from minimal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
AL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Air Lease has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Air Lease has a neutral Power Rating of 51 but a very high Appreciation Score of 95, leading to the Highest Value Trend Rating.
Recent Price Action
On 3/13/24, Air Lease Corp (NYSE: AL) stock enjoyed a large increase of 2.3%, closing at $46.60. Moreover, exceptionally high trading volume at 205% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 9.1% during the last week.
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