Aircastle Given New $27.00 Price Target at Barclays (AYR)
Barclays increased their price target on shares of Aircastle (NYSE:AYR) from $19.00 to $27.00 in a research note issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price indicates a potential upside of 43.08% from the company’s current price.
In other Aircastle news, Director Corp Marubeni purchased 30,000 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of $18.96 per share, for a total transaction of $568,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
AYR has been the subject of a number of other recent research reports. 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 research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.01.
Shares of Aircastle (NYSE:AYR) remained flat at $18.87 during trading on Wednesday. 731,396 shares of the company’s stock traded hands. Aircastle has a one year low of $10.99 and a one year high of $19.49. The stock’s 50-day moving average is $17.92 and its 200-day moving average is $16.53. The company has a market cap of $1.524 billion and a P/E ratio of 32.93.
Aircastle (NYSE:AYR) last released its earnings data on Thursday, October 31st. The company reported $0.27 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.27. The company had revenue of $170.10 million for the quarter, compared to the consensus estimate of $161.00 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts expect that Aircastle will post $1.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Tuesday, November 26th. This is a boost from Aircastle’s previous quarterly dividend of $0.17.
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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