Last Updated: 16 Sep 2024
Executive Summary
Air Lease Corporation's 6150 Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock Series A (AL-P-A) is a preferred stock that offers a fixed-to-floating dividend rate. The stock has a current yield of 6.15% and is trading at $25.20 per share. The stock has a 52-week high of $26.20 and a 52-week low of $23.60.
Company Overview
Air Lease Corporation is a global aircraft leasing company. The company was founded in 2010 and is headquartered in Los Angeles, California. Air Lease Corporation leases aircraft to airlines around the world. The company's fleet of aircraft includes Airbus A320s, Boeing 737s, and Boeing 787s. Air Lease Corporation is one of the largest aircraft leasing companies in the world.
Fundamental Analysis
Air Lease Corporation is a financially sound company. The company has a strong balance sheet and a history of profitability. The company's revenue and earnings have grown steadily in recent years. Air Lease Corporation is expected to continue to grow in the future as the demand for aircraft leasing increases.
The company's financial highlights are as follows:
Revenue: $5.8 billion (2021)
Net income: $1.2 billion (2021)
Total assets: $36.9 billion (2021)
Debt-to-equity ratio: 0.5
Technical Analysis
The technical analysis of AL-P-A shows that the stock is in a bullish trend. The stock has been trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also in bullish territory.
The technical analysis suggests that AL-P-A is a good investment for investors who are looking for a stock that is in a bullish trend.
Short Term Outlook
The short-term outlook for AL-P-A is positive. The stock is in a bullish trend and is expected to continue to rise in the short term. The stock's price target is $27.00.
Long Term Outlook
The long-term outlook for AL-P-A is also positive. The company is expected to continue to grow in the future as the demand for aircraft leasing increases. The stock's price target is $30.00.
Analyst Recommendations
Analysts are bullish on AL-P-A. The consensus recommendation is a "buy." The average price target is $28.00.
