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Is Air Lease (AL) Stock Outpacing Its Transportation Peers This Year?
Air Lease Air Lease (US:AL) Zacks Investment Researchยท2024-03-18 14:45

Company Performance - Air Lease (AL) has a year-to-date performance increase of 12.4%, significantly outperforming the average return of 2.5% for the Transportation sector [2][3] - The Zacks Consensus Estimate for Air Lease's full-year earnings has risen by 10.3% in the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [2] - Air Lease is currently ranked 2 (Buy) in the Zacks Rank system, suggesting strong potential for future performance [2] Industry Comparison - Air Lease is part of the Transportation - Equipment and Leasing industry, which has an average year-to-date gain of 11.5%, indicating that AL is performing better than its industry peers [3] - EuroDry (EDRY), another Transportation stock, has outperformed the sector with a year-to-date increase of 18.8% and holds a Zacks Rank of 1 (Strong Buy) [2][3] - The Transportation - Shipping industry, to which EuroDry belongs, has seen a year-to-date increase of 9.6%, ranking 54 among 37 stocks [3]