Aircastle Director Corp Marubeni Acquires 27,500 Shares (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni purchased 27,500 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was purchased at an average price of $18.97 per share, for a total transaction of $521,675.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Aircastle (NYSE:AYR) traded up 1.03% on Wednesday, hitting $19.145. The stock had a trading volume of 275,641 shares. 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 $17.0 and a 200-day moving average of $15.51. The company has a market cap of $1.547 billion and a price-to-earnings ratio of 33.07.
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 previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter 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, October 15th. 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price 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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