Air Lease Corp (NYSE: AL) has reported earnings for its third fiscal quarter (ending September 30) of $1.10 versus $0.90 for the same period a year ago — an increase of 22%. However, this result fell short of the consensus estimate of $1.47 by $-0.37. For the latest four quarters through September 30, E.P.S. were $4.48 versus $-1.20 for the same period a year ago.
Recent Price Action
Air Lease Corp (NYSE: AL) stock closed at $37.17 on 11/6/23 after a modest gain of 0.9%. The stock has risen 10.1% during the last week and has performed in line with the market over the last nine months.
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 an important Value Builder.
Air Lease has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Air Lease has a slightly positive Power Rating of 69 and a very high Appreciation Score of 95, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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