Insider Buying: Corp Marubeni Purchases 30,000 Shares of Aircastle Stock (AYR)
Aircastle (NYSE:AYR) Director Corp Marubeni bought 30,000 shares of Aircastle stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of $18.77 per share, with a total value of $563,100.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Aircastle (NYSE:AYR) opened at 18.70 on Monday. Aircastle has a one year low of $12.88 and a one year high of $19.67. The stock’s 50-day moving average is $18.66 and its 200-day moving average is $18.13. The company has a market cap of $1.511 billion and a P/E ratio of 121.43.
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 investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.