Air Lease Corp (NYSE: AL) stock closed at $41.11 on 8/2/24 after a major decline of -13.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 417% of normal. The stock has declined -14.9% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
AL is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Air Lease has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Air Lease has a very high Power Rating of 88 and a very high Appreciation Score of 96, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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