Aircastle Director Corp Marubeni Acquires 30,000 Shares (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni bought 30,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were purchased at an average price of $17.67 per share, with a total value of $530,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Aircastle (NYSE:AYR) traded up 0.97% during mid-day trading on Thursday, hitting $17.73. 101,561 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 has a 50-day moving average of $17.27 and a 200-day moving average of $16.11. The company has a market cap of $1.432 billion and a price-to-earnings ratio of 30.65.
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 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. Analysts expect that Aircastle will post $1.70 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Aircastle from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $19.10 price target on the stock. Separately, 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. Finally, 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 five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.29.
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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