Aircastle Limited (NYSE:AYR) has earned a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.22.
A number of equities research analysts have recently weighed in on the company. Barclays PLC assumed coverage on Aircastle Limited in a research note on Monday, July 10th. They set an “equal weight” rating and a $24.00 target price for the company. Zacks Investment Research downgraded Aircastle Limited from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $24.00 price target (down from $26.00) on shares of Aircastle Limited in a report on Thursday, May 25th. FBR & Co decreased their price target on Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating for the company in a report on Thursday, May 4th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price target on shares of Aircastle Limited in a report on Friday, April 21st.
Shares of Aircastle Limited (NYSE:AYR) opened at 23.16 on Monday. The firm’s 50-day moving average is $22.27 and its 200-day moving average is $22.85. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 11.58 and a beta of 1.81. Aircastle Limited has a 52 week low of $18.26 and a 52 week high of $25.98.
Aircastle Limited (NYSE:AYR) last posted its earnings results on Tuesday, August 8th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.58. The business had revenue of $223.53 million for the quarter, compared to analyst estimates of $206.10 million. Aircastle Limited had a return on equity of 8.88% and a net margin of 19.81%. During the same period last year, the business earned $0.31 EPS. Aircastle Limited’s revenue was up 17.7% compared to the same quarter last year. Equities research analysts predict that Aircastle Limited will post $2.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Tuesday, August 29th. Aircastle Limited’s payout ratio is 52.00%.
Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Aircastle Limited during the second quarter worth about $121,000. Russell Investments Group Ltd. bought a new stake in Aircastle Limited during the fourth quarter worth about $172,000. 361 Capital LLC bought a new stake in Aircastle Limited during the first quarter worth about $200,000. Principal Financial Group Inc. bought a new stake in Aircastle Limited during the first quarter worth about $203,000. Finally, Violich Capital Management Inc. bought a new stake in Aircastle Limited during the first quarter worth about $209,000. Institutional investors and hedge funds own 62.84% of the company’s stock.
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Aircastle Limited 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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