Shares of Aircastle Limited (NYSE:AYR) have received a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $24.71.
A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Aircastle from a “hold” rating to a “buy” rating in a report on Wednesday. Macquarie assumed coverage on shares of Aircastle in a report on Tuesday. They set an “outperform” rating on the stock. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered their target price on shares of Aircastle from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, March 6th. Zacks Investment Research cut shares of Aircastle from a “hold” rating to a “strong sell” rating in a report on Friday, February 16th. Finally, Stephens reissued an “equal weight” rating on shares of Aircastle in a report on Thursday, February 15th.
Shares of Aircastle (NYSE:AYR) traded up $0.30 during mid-day trading on Friday, reaching $20.42. 905,389 shares of the company’s stock were exchanged, compared to its average volume of 429,214. Aircastle has a 1-year low of $18.97 and a 1-year high of $25.30. The company has a market cap of $1,582.98, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.19 and a beta of 1.87.
Aircastle (NYSE:AYR) last issued its earnings results on Tuesday, February 13th. The transportation company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Aircastle had a net margin of 18.56% and a return on equity of 8.41%. The business had revenue of $177.40 million for the quarter, compared to analysts’ expectations of $184.09 million. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue for the quarter was down 13.3% compared to the same quarter last year. research analysts expect that Aircastle will post 1.7 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 5.48%. Aircastle’s payout ratio is currently 59.57%.
Institutional investors have recently added to or reduced their stakes in the company. Baker Ellis Asset Management LLC bought a new position in shares of Aircastle in the fourth quarter worth $106,000. Zions Bancorporation bought a new position in Aircastle in the third quarter valued at $111,000. Kayne Anderson Capital Advisors LP bought a new position in Aircastle in the third quarter valued at $207,000. SG Americas Securities LLC increased its stake 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 acquiring an additional 5,471 shares during the last quarter. Finally, Jefferies Group LLC bought a new position in Aircastle in the fourth quarter valued at $247,000. 61.55% of the stock is currently owned by hedge funds and other institutional investors.
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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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