Yahoo Finance Here's Why Air Lease (AL) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Air Lease (AL)
Founded in 2010, Los Angeles, CA-based Air Lease Corporation is a leading aircraft leasing company. It is primarily involved in purchasing commercial aircraft directly from the manufacturers, leasing the same to its airline customers across the globe. Some noteworthy manufacturers that the company works with are The Boeing Company and Airbus S.A.S.
AL sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Transportation - Equipment and Leasing industry's P/E of 17.5X, shares of Air Lease are trading at a forward P/E of 6.5X. AL also has a PEG Ratio of 0.8, a Price/Cash Flow ratio of 2.8X, and a Price/Sales ratio of 1.9X.
Many value investors pay close attention to a company's earnings as well. For AL, one analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.39 to $7.07 per share for 2024. Per share AL boasts an average earnings surprise of 15.6%.
Investors should take the time to consider AL for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Air Lease Corporation (AL) : Free Stock Analysis Report
