Aircastle Limited (NYSE:AYR) has been assigned an average rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $25.11.
A number of analysts recently weighed in on AYR shares. Credit Suisse Group upped their target price on shares of Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Citigroup started coverage on shares of Aircastle in a research note on Friday, December 8th. They set a “neutral” rating and a $25.00 target price on the stock. ValuEngine lowered shares of Aircastle from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Finally, Cowen reiterated a “hold” rating and issued a $26.00 price target on shares of Aircastle in a research note on Tuesday, September 12th.
Aircastle (NYSE AYR) traded up $0.08 during mid-day trading on Monday, hitting $23.67. 247,703 shares of the company were exchanged, compared to its average volume of 298,667. Aircastle has a 12-month low of $20.84 and a 12-month high of $25.98. The stock has a market capitalization of $1,860.00, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.44 and a beta of 1.87.
Aircastle (NYSE:AYR) last released its earnings results on Thursday, November 2nd. The transportation company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.15. Aircastle had a net margin of 19.48% and a return on equity of 9.18%. The firm had revenue of $191.41 million for the quarter, compared to analyst estimates of $184.02 million. During the same period in the prior year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. equities analysts predict that Aircastle will post 1.75 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were paid a $0.28 dividend. This is a positive change from Aircastle’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 4.73%. The ex-dividend date was Wednesday, November 29th. Aircastle’s dividend payout ratio is currently 54.90%.
A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Aircastle by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 5,224,849 shares of the transportation company’s stock valued at $116,461,000 after purchasing an additional 181,292 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Aircastle by 36.0% in the second quarter. Northern Trust Corp now owns 2,021,880 shares of the transportation company’s stock valued at $43,976,000 after acquiring an additional 535,106 shares during the period. State Street Corp boosted its holdings in shares of Aircastle by 6.7% in the second quarter. State Street Corp now owns 1,152,919 shares of the transportation company’s stock valued at $25,075,000 after acquiring an additional 72,112 shares during the period. Goodnow Investment Group LLC boosted its holdings in shares of Aircastle by 2.1% in the third quarter. Goodnow Investment Group LLC now owns 723,218 shares of the transportation company’s stock valued at $16,121,000 after acquiring an additional 14,653 shares during the period. Finally, Foundry Partners LLC boosted its holdings in shares of Aircastle by 1.9% in the third quarter. Foundry Partners LLC now owns 721,047 shares of the transportation company’s stock valued at $16,072,000 after acquiring an additional 13,604 shares during the period. Institutional investors own 61.59% of the company’s stock.
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Aircastle Company Profile
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.
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