Citigroup began coverage on shares of Aircastle (NYSE:AYR) in a report issued on Friday, Marketbeat Ratings reports. The firm set a “neutral” rating and a $25.00 price target on the transportation company’s stock. Citigroup’s target price indicates a potential upside of 6.16% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. ValuEngine cut Aircastle from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Credit Suisse Group lifted their price objective on Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Cowen reaffirmed a “hold” rating and set a $26.00 price objective on shares of Aircastle in a research note on Tuesday, September 12th. BidaskClub cut Aircastle from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research cut Aircastle from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.00.

Aircastle (AYR) traded down $0.26 during midday trading on Friday, hitting $23.55. The stock had a trading volume of 202,600 shares, compared to its average volume of 292,762. The firm has a market cap of $1,870.00, a PE ratio of 11.00, a P/E/G ratio of 1.99 and a beta of 1.86. Aircastle has a one year low of $20.50 and a one year high of $25.98.

Aircastle (NYSE:AYR) last released its earnings results on Thursday, November 2nd. The transportation company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.15. The company had revenue of $191.41 million during the quarter, compared to analysts’ expectations of $184.02 million. Aircastle had a return on equity of 9.18% and a net margin of 19.48%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. equities analysts predict that Aircastle will post 1.75 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Northern Trust Corp lifted its holdings in Aircastle by 36.0% during the second quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock worth $43,976,000 after acquiring an additional 535,106 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Aircastle by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,043,557 shares of the transportation company’s stock worth $109,698,000 after acquiring an additional 413,818 shares in the last quarter. Citadel Advisors LLC lifted its holdings in Aircastle by 307.2% during the third quarter. Citadel Advisors LLC now owns 348,637 shares of the transportation company’s stock worth $7,771,000 after acquiring an additional 263,014 shares in the last quarter. Dean Capital Management bought a new position in Aircastle during the second quarter worth about $3,578,000. Finally, State Street Corp lifted its holdings in Aircastle by 6.7% during the second quarter. State Street Corp now owns 1,152,919 shares of the transportation company’s stock worth $25,075,000 after acquiring an additional 72,112 shares in the last quarter. 61.59% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This report was reported by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/12/08/citigroup-begins-coverage-on-aircastle-ayr.html.

About Aircastle

Aircastle Limited is a holding company. The Company, through its subsidiaries, acquires, leases and sells commercial jet aircrafts to airlines. The Company is engaged in financing and managing commercial flight equipment. The Company manages its aircrafts in the United States, Ireland and Singapore. As of December 31, 2016, the Company owned and managed on behalf of its joint ventures 206 aircrafts leased to 71 lessees located in 36 countries.

Analyst Recommendations for Aircastle (NYSE:AYR)

Receive News & Ratings for Aircastle Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aircastle Limited and related companies with MarketBeat.com's FREE daily email newsletter.