Investment analysts at Barclays Capital (NYSE: BCS) cut their target price on shares of Air Lease Corp (NYSE: AL) from $29.00 to $27.00 in a note issued to investors on Tuesday. The firm currently has an “equal weight” rating on the stock.
Air Lease Corp opened at 22.41 on Tuesday. Air Lease Corp has a 52-week low of $17.24 and a 52-week high of $29.94. The company has a market cap of $2.257 billion and a price-to-earnings ratio of 37.73.
Air Lease Corp last posted its quarterly earnings results on Monday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.02. Air Lease Corp’s revenue was up 140.2% compared to the same quarter last year. Analysts expect that Air Lease Corp will post $0.32 EPS next quarter.
Separately, analysts at Dahlman Rose initiated coverage on shares of Air Lease Corp in a research note to investors on Wednesday, February 22nd. They set a “buy” rating and a $30.00 price target on the stock.
Air Lease Corporation (ALC) is engaged in purchasing commercial aircraft. As of December 31, 2010, the Company owned 40 aircraft.