The EC of Air Lease (NYSE: AL) is Buying Shares

Today, the EC of Air Lease (ALResearch Report), Steven Udvar-Hazy, bought shares of AL for $71.54K.

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Based on Air Lease’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $451 million and quarterly net profit of $147 million. In comparison, last year the company earned revenue of $370 million and had a net profit of $99.19 million. AL’s market cap is $3.74B and the company has a P/E ratio of 4.74. Currently, Air Lease has an average volume of 981.3K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $53.00, reflecting a 51.1% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy AL with a $54 price target.

The insider sentiment on Air Lease has been negative according to 78 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity.