Insider Buying: Aircastle Director Buys 30,000 Shares of Stock (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni acquired 30,000 shares of the stock on the open market in a transaction dated Monday, September 16th. The shares were purchased at an average price of $17.41 per share, with a total value of $522,300.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on AYR. Analysts at RBC Capital initiated coverage on shares of Aircastle (NYSE:AYR) in a research note to investors on Friday, August 16th. They set a “sector perform” rating on the stock. Analysts at FBR Capital Markets raised their price target on shares of Aircastle (NYSE:AYR) from $17.00 to $19.00 in a research note to investors on Wednesday, August 7th. They now have a “market perform” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Aircastle currently has a consensus rating of “Hold” and an average price target of $16.99.
Shares of Aircastle (NYSE:AYR) opened at 17.15 on Wednesday. Aircastle has a one year low of $10.91 and a one year high of $18.12. The stock has a 50-day moving average of $16.99 and a 200-day moving average of $15.59. The company has a market cap of $1.385 billion and a P/E ratio of 29.93.
Aircastle (NYSE:AYR) last announced its earnings results on Tuesday, August 6th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.13. The company had revenue of $170.40 million for the quarter, compared to the consensus estimate of $168.51 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. Analysts expect that Aircastle will post $1.75 EPS for the current fiscal year.
Aircastle Limited (NYSE:AYR) is a global company that acquires, leases, and sells high-utility commercial jet aircraft to customers throughout the world.
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