Shares of Aircastle Ltd. (NYSE:AYR) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the stock. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $23.25.
A number of research firms recently weighed in on AYR. Zacks Investment Research lowered shares of Aircastle from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. FBR & Co lowered shares of Aircastle from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $24.00 to $23.00 in a research report on Friday, August 5th. Finally, TheStreet lowered shares of Aircastle from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th.
Aircastle (NYSE:AYR) opened at 19.48 on Friday. The firm’s 50 day moving average is $20.42 and its 200-day moving average is $21.03. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 16.85 and a beta of 1.84. Aircastle has a 12 month low of $15.06 and a 12 month high of $23.49.
Aircastle (NYSE:AYR) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by $0.10. The business had revenue of $190 million for the quarter, compared to analyst estimates of $188.25 million. Aircastle had a net margin of 11.68% and a return on equity of 5.70%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. On average, equities analysts forecast that Aircastle will post $1.82 EPS for the current year.
In other news, insider Joseph Schreiner sold 4,998 shares of Aircastle stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $21.77, for a total value of $108,806.46. Following the completion of the transaction, the insider now owns 35,208 shares in the company, valued at $766,478.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of AYR. Investors Capital Advisory Services increased its position in Aircastle by 38.3% in the second quarter. Investors Capital Advisory Services now owns 19,204 shares of the company’s stock valued at $375,000 after buying an additional 5,315 shares during the last quarter. Nordea Investment Management AB increased its position in Aircastle by 320.1% in the second quarter. Nordea Investment Management AB now owns 31,169 shares of the company’s stock valued at $610,000 after buying an additional 23,750 shares during the last quarter. LMR Partners LLP acquired a new position in Aircastle during the second quarter valued at $204,000. Bank of Montreal Can acquired a new position in Aircastle during the second quarter valued at $2,672,000. Finally, Adams Diversified Equity Fund Inc. acquired a new position in Aircastle during the second quarter valued at $340,000. Hedge funds and other institutional investors own 65.19% of the company’s stock.
Aircastle Company Profile
Aircastle Limited is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. The Company operates through leasing, financing, selling and managing commercial flight equipment segment.
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