Aircastle Director Acquires $529,500 in Stock (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni bought 30,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were purchased at an average price of $17.65 per share, for a total transaction of $529,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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 investment 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 has an average rating of “Hold” and a consensus target price of $16.99.
Shares of Aircastle (NYSE:AYR) traded up 1.94% during mid-day trading on Friday, hitting $17.88. The stock had a trading volume of 136,869 shares. Aircastle has a 1-year low of $10.91 and a 1-year high of $18.12. The stock’s 50-day moving average is $17.21 and its 200-day moving average is $15.99. The company has a market cap of $1.444 billion and a price-to-earnings ratio of 30.61.
Aircastle (NYSE:AYR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue 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.
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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