Insider Buying: Corp Marubeni Buys 18,400 Shares of Aircastle Stock (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni bought 18,400 shares of Aircastle stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average cost of $18.91 per share, for a total transaction of $347,944.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
AYR has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.13.
Shares of Aircastle (NYSE:AYR) traded down 0.90% during mid-day trading on Wednesday, hitting $18.82. The stock had a trading volume of 520,505 shares. Aircastle has a 52-week low of $12.88 and a 52-week high of $19.67. The stock has a 50-day moving average of $18.80 and a 200-day moving average of $18.02. The company has a market cap of $1.520 billion and a P/E ratio of 123.31.
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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