Aircastle Limited Upgraded to Outperform by Cowen and Company (AYR)
Aircastle Limited (NYSE:AYR) was upgraded by Cowen and Company from a “market perform” rating to an “outperform” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on AYR. Analysts at TheStreet downgraded shares of Aircastle Limited from a “buy” rating to a “hold” rating in a research note on Friday. Separately, 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. Finally, 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 equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.60.
Shares of Aircastle Limited (NYSE:AYR) opened at 17.53 on Monday. Aircastle Limited has a 52 week low of $14.39 and a 52 week high of $21.35. The stock’s 50-day moving average is $18.44 and its 200-day moving average is $18.79. The company has a market cap of $1.420 billion and a P/E ratio of 111.99.
Aircastle Limited (NYSE:AYR) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. The company had revenue of $176.60 million for the quarter, compared to the consensus estimate of $163.75 million. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts predict that Aircastle Limited will post $1.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend is Wednesday, May 28th.
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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