Aircastle Director Buys $528,300 in 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 Monday, October 14th. The stock was purchased at an average price of $17.61 per share, for a total transaction of $528,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.99.
Shares of Aircastle (NYSE:AYR) opened at 17.62 on Tuesday. 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 $17.24 and a 200-day moving average of $16.09. The company has a market cap of $1.423 billion and a P/E ratio of 30.75.
Aircastle (NYSE:AYR) last released its 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. 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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