Insider Buying: Corp Marubeni Acquires 29,100 Shares of Aircastle Limited Stock (AYR)
Aircastle Limited (NYSE:AYR) Director Corp Marubeni purchased 29,100 shares of the stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average cost of $18.17 per share, for a total transaction of $528,747.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
AYR has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Aircastle Limited from $20.00 to $21.00 in a research note on Wednesday, February 26th. Analysts at Morgan Stanley downgraded shares of Aircastle Limited 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Aircastle Limited currently has a consensus rating of “Hold” and an average target price of $20.71.
Shares of Aircastle Limited (NYSE:AYR) traded up 0.88% during mid-day trading on Wednesday, hitting $18.4401. 34,748 shares of the company’s stock traded hands. Aircastle Limited has a one year low of $12.88 and a one year high of $21.35. The stock’s 50-day moving average is $19.35 and its 200-day moving average is $18.78. The company has a market cap of $1.489 billion and a price-to-earnings ratio of 45.70.
Aircastle Limited (NYSE:AYR) last announced its earnings results on Tuesday, February 25th. The company reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.41. The company had revenue of $192.00 million for the quarter, compared to the consensus estimate of $172.57 million. On average, analysts predict that Aircastle Limited will post $1.26 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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