Analysts at UBS Reconfirmed their Past ‘”Sell”’ rating on Shares Air Lease (NYSE:AL), Set a $32 Price Target

February 22, 2018 - By Vivian Currie

 Analysts at UBS Reconfirmed their Past ‘

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.01, from 1.15 in 2017Q2. It increased, as 21 investors sold Air Lease Corporation shares while 74 reduced holdings. 33 funds opened positions while 77 raised stakes. 90.80 million shares or 0.12% more from 90.69 million shares in 2017Q2 were reported.

Underhill Investment Ltd owns 433,950 shares for 10.02% of their portfolio. Moreover, Connable Office has 0.05% invested in Air Lease Corporation (NYSE:AL). Aqr Cap Limited Liability Co reported 433,452 shares. Alliancebernstein L P holds 0% of its portfolio in Air Lease Corporation (NYSE:AL) for 56,414 shares. Teacher Retirement Systems Of Texas reported 8,115 shares. Moreover, Tiedemann Wealth Mngmt Ltd Liability Corp has 0.06% invested in Air Lease Corporation (NYSE:AL) for 11,400 shares. First Republic Inv Management owns 10,125 shares. Moreover, Raymond James Trust Na has 0.03% invested in Air Lease Corporation (NYSE:AL). State Common Retirement Fund reported 289,620 shares. Mastrapasqua Asset Management stated it has 33,380 shares or 0.29% of all its holdings. Vontobel Asset Management invested in 873,116 shares. San Francisco Sentry Inv Group (Ca) holds 7,472 shares or 0.11% of its portfolio. Pekin Singer Strauss Asset Mgmt Il holds 2% of its portfolio in Air Lease Corporation (NYSE:AL) for 250,827 shares. Bar Harbor Trust Svcs has invested 3.18% in Air Lease Corporation (NYSE:AL). Nuveen Asset Management Llc has 183,700 shares.

Since August 23, 2017, it had 0 buys, and 6 selling transactions for $3.34 million activity. Korde Kishore sold $89,980 worth of stock or 2,000 shares. Baer Marc H also sold $300,346 worth of Air Lease Corporation (NYSE:AL) on Wednesday, August 23. On Monday, September 11 the insider Khatibi Alex A sold $440,000.

Air Lease (NYSE:AL) Rating Reaffirmed

UBS now has a $32 price target on shares of Air Lease (NYSE:AL). The price target would indicate a potential downside of -30.36 % from the close price of Air Lease (NYSE:AL). This rating was disclosed in a research note on Wednesday morning.

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.01, from 1.15 in 2017Q2. It increased, as 21 investors sold Air Lease Corporation shares while 74 reduced holdings. 33 funds opened positions while 77 raised stakes. 90.80 million shares or 0.12% more from 90.69 million shares in 2017Q2 were reported.

Underhill Investment Ltd owns 433,950 shares for 10.02% of their portfolio. Moreover, Connable Office has 0.05% invested in Air Lease Corporation (NYSE:AL). Aqr Cap Limited Liability Co reported 433,452 shares. Alliancebernstein L P holds 0% of its portfolio in Air Lease Corporation (NYSE:AL) for 56,414 shares. Teacher Retirement Systems Of Texas reported 8,115 shares. Moreover, Tiedemann Wealth Mngmt Ltd Liability Corp has 0.06% invested in Air Lease Corporation (NYSE:AL) for 11,400 shares. First Republic Inv Management owns 10,125 shares. Moreover, Raymond James Trust Na has 0.03% invested in Air Lease Corporation (NYSE:AL). State Common Retirement Fund reported 289,620 shares. Mastrapasqua Asset Management stated it has 33,380 shares or 0.29% of all its holdings. Vontobel Asset Management invested in 873,116 shares. San Francisco Sentry Inv Group (Ca) holds 7,472 shares or 0.11% of its portfolio. Pekin Singer Strauss Asset Mgmt Il holds 2% of its portfolio in Air Lease Corporation (NYSE:AL) for 250,827 shares. Bar Harbor Trust Svcs has invested 3.18% in Air Lease Corporation (NYSE:AL). Nuveen Asset Management Llc has 183,700 shares.

Since August 23, 2017, it had 0 buys, and 6 selling transactions for $3.34 million activity. Korde Kishore sold $89,980 worth of stock or 2,000 shares. Baer Marc H also sold $300,346 worth of Air Lease Corporation (NYSE:AL) on Wednesday, August 23. On Monday, September 11 the insider Khatibi Alex A sold $440,000.

Air Lease Corporation (NYSE:AL) Ratings Coverage

Among 13 analysts covering Air Lease (NYSE:AL), 9 have Buy rating, 1 Sell and 3 Hold. Therefore 69% are positive. Air Lease has $81.0 highest and $31 lowest target. $48.85’s average target is 6.31% above currents $45.9525 stock price. Air Lease had 41 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, November 10 by Cowen & Co. DA Davidson initiated Air Lease Corporation (NYSE:AL) on Friday, August 21 with “Buy” rating. The firm has “Top Pick” rating by RBC Capital Markets given on Friday, May 6. The firm has “Outperform” rating given on Friday, November 4 by FBR Capital. On Monday, July 10 the stock rating was maintained by Cowen & Co with “Buy”. The firm earned “Buy” rating on Monday, July 17 by RBC Capital Markets. Deutsche Bank maintained it with “Buy” rating and $44 target in Friday, August 7 report. RBC Capital Markets maintained the shares of AL in report on Friday, September 29 with “Top Pick” rating. The stock of Air Lease Corporation (NYSE:AL) earned “Hold” rating by Bank of America on Wednesday, August 9. The stock of Air Lease Corporation (NYSE:AL) earned “Top Pick” rating by RBC Capital Markets on Friday, November 6.

The stock increased 0.97% or $0.4425 during the last trading session, reaching $45.9525. About 8,233 shares traded. Air Lease Corporation (NYSE:AL) has risen 29.12% since February 22, 2017 and is uptrending. It has outperformed by 12.42% the S&P500.

Air Lease Corporation, an aircraft leasing company, engages in the purchase and leasing of commercial jet transport aircraft to airlines in Asia, the Pacific Rim, Latin America, the Middle East, Europe, Africa, and North America. The company has market cap of $4.74 billion. The firm also sells aircraft from its operating lease portfolio to third parties, including other leasing companies, financial services companies, and airlines. It has a 13.2 P/E ratio. In addition, it provides fleet management services to investors and owners of aircraft portfolios.

More important recent Air Lease Corporation (NYSE:AL) news were published by: Gurufocus.com which released: “Concourse Capital Management, LLC Buys Freeport-McMoRan Inc, Encana Corp, Air …” on February 06, 2018, also Globenewswire.com published article titled: “Air Lease Corporation Announces the Placement of Airbus A320-200neo with …”, Seekingalpha.com published: “Air Lease Corp.: Taking Stock Ahead Of Earnings” on February 20, 2018. More interesting news about Air Lease Corporation (NYSE:AL) was released by: Businessinsider.com and their article: “US ruling boosts airline confidence in Bombardier’s CSeries: Air Lease CEO” with publication date: January 31, 2018.

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