Aircastle Ltd. Reaches New 12-Month High at $18.22 (AYR)
Aircastle (NYSE:AYR)’s share price reached a new 52-week high on Friday, Analyst Ratings.Net reports. The company traded as high as $18.22 and last traded at $18.09, with a volume of 510,982 shares traded. The stock had previously closed at $17.73.
A number of research firms have recently commented on AYR. 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 issued a hold rating and five have assigned a buy rating to the company. Aircastle presently has an average rating of “Hold” and an average target price of $17.29.
In other Aircastle news, Director Corp Marubeni acquired 30,000 shares of Aircastle stock on the open market in a transaction dated Thursday, October 17th. The shares were purchased at an average cost of $17.70 per share, for a total transaction of $531,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 $17.32 and its 200-day moving average is $16.12. The company has a market cap of $1.486 billion and a P/E ratio of 30.94.
Aircastle (NYSE:AYR) last announced its 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. Analysts expect that Aircastle will post $1.70 EPS 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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