Insider Buying: Corp Marubeni Acquires 30,000 Shares of Aircastle Stock (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni acquired 30,000 shares of the company’s stock on the open market in a transaction dated Wednesday, October 9th. The stock was purchased at an average price of $17.15 per share, with a total value of $514,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Aircastle (NYSE:AYR) traded up 3.57% during mid-day trading on Thursday, hitting $17.71. 189,039 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 $17.18 and its 200-day moving average is $15.98. The company has a market cap of $1.431 billion and a price-to-earnings ratio of 29.84.
Aircastle (NYSE:AYR) last issued its quarterly earnings data 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 analysts have recently weighed in on AYR shares. 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 analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock currently 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.