FBR Capital Markets Increases Aircastle Price Target to $21.00 (AYR)
Stock analysts at FBR Capital Markets hoisted their price objective on shares of Aircastle (NYSE:AYR) from $19.00 to $21.00 in a report issued on Friday, American Banking & Market News reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target indicates a potential upside of 11.29% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Aircastle from $16.00 to $21.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Aircastle from $19.00 to $27.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.01.
In other Aircastle news, Director Corp Marubeni purchased 30,000 shares of Aircastle stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average price of $18.96 per share, for a total transaction of $568,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Aircastle (NYSE:AYR) opened at 18.87 on Friday. Aircastle has a 1-year low of $10.99 and a 1-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 price-to-earnings ratio of 32.93.
Aircastle (NYSE:AYR) last announced its earnings results on Thursday, October 31st. The company reported $0.27 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.59 earnings per share. Aircastle’s revenue was down 1.6% compared to the same quarter last year. Analysts expect that Aircastle will post $1.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Tuesday, November 26th. This is an increase 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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