Dahlman Rose Analysts Begin Coverage on Air Lease Corp (AL)

Dahlman Rose initiated coverage on shares of Air Lease Corp (NYSE: AL) in a research note issued on Wednesday. They set a “buy” rating and a $30.00 price target on the stock.

Separately, analysts at JPMorgan Chase & Co. (NYSE: JPM) upgraded shares of Air Lease Corp from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, January 25th. Analysts at Morgan Stanley (NYSE: MS) initiated coverage on shares of Air Lease Corp in a research note to investors on Friday, January 6th. They set an “overweight” rating and a $29.00 price target on the stock. Also, analysts at Guggenheim initiated coverage on shares of Air Lease Corp in a research note to investors on Wednesday, December 7th. They set a “neutral” rating on the stock.

Air Lease Corporation (ALC) is engaged in purchasing commercial aircraft. As of December 31, 2010, the Company owned 40 aircraft. Its fleet is consisted of aircraft, such as the Airbus A319/320/321 and the Boeing 737-700/800, and select wide body (twin-aisle) aircraft, such as the Airbus A330-200 and the Boeing 777-300ER. It leases its aircraft to airlines pursuant to net operating leases that require the lessee to pay for maintenance, insurance, taxes and all other aircraft operating expenses during the lease term, which includes fuel, crews, airport and navigation charges, and insurance.

Air Lease Corp opened at 25.47 on Wednesday. Air Lease Corp has a 1-year low of $17.24 and a 1-year high of $29.94. The stock has a 50-day moving average of $24.97 and a 200-day moving average of $22.50. The company has a market cap of $2.565 billion and a price-to-earnings ratio of 99.88.

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Posted by Web Inquirer Staff on 22 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.