Insider Buying: Corp Marubeni Buys 30,000 Shares of Aircastle Stock (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni bought 30,000 shares of Aircastle stock on the open market in a transaction dated Friday, February 14th. The stock was purchased at an average cost of $18.22 per share, for a total transaction of $546,600.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Aircastle (NYSE:AYR) opened at 18.10 on Tuesday. 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 $18.72 and a 200-day moving average of $18.10. The company has a market cap of $1.462 billion and a price-to-earnings ratio of 117.53.
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, February 11th. 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 assigned a buy rating to the stock. Aircastle has a consensus rating of “Hold” and an average price target of $20.67.
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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