Insider Buying: Aircastle Director Purchases 30,000 Shares of Stock (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni purchased 30,000 shares of Aircastle stock on the open market in a transaction that occurred on Thursday, October 3rd. The shares were purchased at an average price of $17.57 per share, with a total value of $527,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Aircastle (NYSE:AYR) traded up 1.71% on Friday, hitting $17.85. 117,003 shares of the company’s stock traded hands. Aircastle has a one year low of $10.91 and a one year high of $18.12. The stock’s 50-day moving average is $17.07 and its 200-day moving average is $15.87. The company has a market cap of $1.442 billion and a P/E ratio of 30.63.
Aircastle (NYSE:AYR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.36 earnings per share. Aircastle’s revenue was down 1.0% compared to the same quarter last year. Analysts expect that Aircastle will post $1.75 EPS for the current fiscal year.
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 company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.99.
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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