Aircastle Director Purchases $530,100 in Stock (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni acquired 30,000 shares of Aircastle stock in a transaction dated Monday, October 7th. The stock was purchased at an average cost of $17.67 per share, with a total value of $530,100.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Aircastle (NYSE:AYR) traded down 0.99% on Tuesday, hitting $17.386. 146,276 shares of the company’s stock traded hands. Aircastle has a 52 week low of $10.91 and a 52 week high of $18.12. The stock’s 50-day moving average is $17.14 and its 200-day moving average is $15.9. The company has a market cap of $1.404 billion and a price-to-earnings ratio of 30.65.
Aircastle (NYSE:AYR) last issued its quarterly earnings data 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. On average, analysts predict that Aircastle will post $1.75 earnings per share for the current fiscal year.
AYR has been the subject of a number of recent research reports. Analysts at RBC Capital initiated coverage on shares of Aircastle 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 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. Aircastle has an average rating of “Hold” and a consensus price target 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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