Insider Buying: Aircastle Director Purchases 30,000 Shares of Stock (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni acquired 30,000 shares of Aircastle stock on the open market in a transaction dated Monday, February 10th. The shares were purchased at an average cost of $18.58 per share, with a total value of $557,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on AYR. Analysts at Morgan Stanley downgraded shares of Aircastle from an “equal weight” rating to an “underweight” rating in a research note on Tuesday. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. Analysts at TheStreet upgraded shares of Aircastle to a “buy” rating in a research note on Monday, December 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Aircastle currently has an average rating of “Hold” and a consensus target price of $20.67.
Shares of Aircastle (NYSE:AYR) opened at 17.85 on Thursday. 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 $18.78 and a 200-day moving average of $18.09. The company has a market cap of $1.442 billion and a P/E ratio of 115.91.
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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