Aircastle Director Buys $562,800 in Stock (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni purchased 30,000 shares of Aircastle stock on the open market in a transaction dated Friday, January 10th. The shares were purchased at an average cost of $18.76 per share, for a total transaction of $562,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on AYR shares. Analysts at TheStreet upgraded shares of Aircastle to a “buy” rating in a research note to investors on Monday, December 30th. Separately, analysts at Zacks downgraded shares of Aircastle from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. They now have a $21.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Aircastle from $19.00 to $21.00 in a research note to investors on Friday, November 1st. They now have a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.13.
Aircastle (NYSE:AYR) opened at 18.73 on Tuesday. Aircastle has a 1-year low of $12.61 and a 1-year high of $19.50. The stock’s 50-day moving average is $18.63 and its 200-day moving average is $17.84. The company has a market cap of $1.513 billion and a P/E ratio of 121.62.
Aircastle (NYSE:AYR) last announced its earnings results 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. On average, analysts predict that Aircastle will post $0.07 earnings per share 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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