Aircastle Limited (AYR) Receives $25.25 Consensus Price Target from Analysts

Aircastle Limited (NYSE:AYR) has received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $25.25.

AYR has been the subject of several research analyst reports. Credit Suisse Group upped their price target on shares of Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Citigroup initiated coverage on shares of Aircastle in a report on Friday, December 8th. They set a “neutral” rating and a $25.00 price target for the company. Finally, ValuEngine downgraded shares of Aircastle from a “strong-buy” rating to a “buy” rating in a report on Monday, November 6th.

Aircastle (AYR) traded down $0.27 during midday trading on Friday, reaching $24.03. The company’s stock had a trading volume of 61,350 shares, compared to its average volume of 221,345. Aircastle has a 12-month low of $20.84 and a 12-month high of $25.98. The company has a market capitalization of $1,912.60, a PE ratio of 11.30, a PEG ratio of 1.49 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 consensus estimate of $0.67 by $0.15. Aircastle had a return on equity of 9.18% and a net margin of 19.48%. The firm had revenue of $191.41 million during the quarter, compared to analysts’ expectations of $184.02 million. During the same period in the prior year, the company earned $0.38 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. research analysts predict that Aircastle will post 1.75 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. Zions Bancorporation acquired a new stake in Aircastle in the third quarter valued at $111,000. Kayne Anderson Capital Advisors LP acquired a new stake in Aircastle in the third quarter valued at $207,000. Suntrust Banks Inc. increased its holdings in Aircastle by 0.7% in the second quarter. Suntrust Banks Inc. now owns 9,711 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 67 shares during the period. SG Americas Securities LLC increased its holdings in Aircastle by 98.5% in the third quarter. SG Americas Securities LLC now owns 11,026 shares of the transportation company’s stock valued at $246,000 after purchasing an additional 5,471 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in Aircastle in the second quarter valued at $247,000. Institutional investors own 61.54% 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.

Analyst Recommendations for Aircastle (NYSE:AYR)

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