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Friday, January 28, 2022

Air Lease Corporation (AL) on the Path to Profitability

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Many stocks have been testing new highs in 2020, and one of the most notable is Air Lease Corporation (AL). Currently, AL is trading at $36.92 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $38.57.

To add more color to this target, the company’s high over the last year is $49.96 and the low is $8.41. Over the last 52 weeks, AL is down -26.10% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AL reported a profit of $339.71 million. Air Lease Corporation also saw revenues increase to $511.39 million. In addition, AL has free cash flow of -$503.37 million as of 03-2020 The company’s EBITDA came in at $489.09 million which compares well with its peers.

AL booked profit margins of 27.70%, its Return on Equity (ROE) is 10.30%, and its Return on Assets is 2.60%. All told, it is clear that, AL needs to be on your watchlist.

About Air Lease Corporation

If readers are unfamiliar, Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines worldwide. The company also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines. In addition, it provides fleet management services to investors and owners of aircraft portfolios. As of December 31, 2019, the company owned a fleet of 275 aircraft, including 203 narrowbody jet aircraft and 89 widebody jet aircraft. Air Lease Corporation was founded in 2010 and is headquartered in Los Angeles, California.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AL has a short ratio of 2.97 and outstanding shares of 113.47M.

Company Outlook

AL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.9 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 5.03. Air Lease Corporation AL also noted assets of $22.68 billion at the end of the last quarter. Investors should also keep an eye on sector updates as AL has historically followed its peers on positive news.

All told, Air Lease Corporation AL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Air Lease Corporation AL is now commanding a market cap of 4.15B and a float of 106.46M. AL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in AL, either long or short, and we have not been compensated for this article.

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