![]() In addition, there is a subset of transactions involving the trading of used aircraft that continues to grow as lessors compete for sale-and-leasebacks and new sources of capital enter the aircraft leasing business. Both Airbus ( OTCPK:EADSF) and Boeing ( BA) forecast the need for approximately 40,000 new aircraft over the next twenty years with a combined value of approximately $7 trillion. Company and industry overviewĬommercial aircraft leasing could be described as a growing business within the growing global aircraft fleet. ![]() The stock has a current yield of 6.8% with potential for upside once the floating rate period comes into effect. The limited duration resulting from the floating-rate feature and rising rate environment should provide solid support for shares. Air Lease preferred stock provides an attractive income stream, and unlike many preferred stocks which are fixed-rate in nature, switches to a floating rate from March 15, 2024. The company has consistently paid dividends on all three classes of preferred stock since they were issued. We are also initiating a Buy rating on the shares of Air Lease Corporation's 6.150% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A ( NYSE: AL.PA), with a price target of $25 per share, which is equal to its Liquidation Preference. However, there are some potential challenges on the horizon that may limit the company's ability to meaningfully boost shares in the coming years. The company delivered decent third-quarter results and continues to benefit from its strong balance sheet and low cost of debt. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.We are recommending a Hold rating on the shares of Air Lease Corporation ( NYSE: AL) and a price target of $37 per share, approximately equal to 9 times forecast adjusted 2023 earnings per share. NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Real time prices by BATS. Delayed quotes by FIS. Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. ![]() A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough May 15, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Zacks Style Scores Education - Learn more about the Zacks Style Scores That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. As you might remember from your school days, an A, is better than a B a B is better than a C a C is better than a D and a D is better than an F.Īs an investor, you want to buy stocks with the highest probability of success. Within each Score, stocks are graded into five groups: A, B, C, D and F. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The scores are based on the trading styles of Value, Growth, and Momentum. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
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