Aircastle Limited Given “Neutral” Rating at JPMorgan Chase & Co. (AYR)
Aircastle Limited (NYSE:AYR)‘s stock had its “neutral” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. They currently have a $20.50 price objective on the stock, up from their previous price objective of $19.50. JPMorgan Chase & Co.’s price target would suggest a potential upside of 7.05% from the company’s current price.
Aircastle Limited (NYSE:AYR) traded down 0.10% on Wednesday, hitting $19.13. 60,786 shares of the company’s stock traded hands. Aircastle Limited has a one year low of $16.01 and a one year high of $21.35. The stock has a 50-day moving average of $17.88 and a 200-day moving average of $18.20. The company’s market cap is $1.550 billion.
Aircastle Limited (NYSE:AYR) last announced its earnings results on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.09. The company had revenue of $187.10 million for the quarter, compared to the consensus estimate of $181.03 million. During the same quarter last year, the company posted $0.67 earnings per share. Aircastle Limited’s revenue was up 32.7% compared to the same quarter last year. On average, analysts predict that Aircastle Limited will post $1.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Wednesday, August 27th.
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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