BidaskClub Lowers Aircastle Limited (NYSE:AYR) to Strong Sell

Aircastle Limited (NYSE:AYR) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Monday.

Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Aircastle Limited from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, July 4th. FBR & Co dropped their price target on shares of Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating for the company in a research note on Thursday, May 4th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $24.00 price target (down previously from $26.00) on shares of Aircastle Limited in a research note on Thursday, May 25th. Barclays PLC assumed coverage on shares of Aircastle Limited in a research note on Monday, July 10th. They set an “equal weight” rating and a $24.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price target on shares of Aircastle Limited in a research note on Friday, April 21st. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $24.30.

Shares of Aircastle Limited (NYSE AYR) traded up 1.57% during mid-day trading on Monday, hitting $22.59. 152,362 shares of the company were exchanged. The company’s 50-day moving average price is $22.55 and its 200-day moving average price is $22.91. Aircastle Limited has a 12-month low of $18.26 and a 12-month high of $25.98. The firm has a market capitalization of $1.78 billion, a P/E ratio of 13.62 and a beta of 1.81.

Aircastle Limited (NYSE:AYR) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.58. The company had revenue of $223.53 million during the quarter, compared to the consensus estimate of $206.10 million. Aircastle Limited had a net margin of 15.75% and a return on equity of 7.41%. Aircastle Limited’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. Equities research analysts predict that Aircastle Limited will post $2.03 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Aircastle Limited during the second quarter valued at $121,000. Russell Investments Group Ltd. purchased a new stake in Aircastle Limited during the fourth quarter valued at $172,000. 361 Capital LLC purchased a new stake in Aircastle Limited during the first quarter valued at $200,000. Principal Financial Group Inc. purchased a new stake in Aircastle Limited during the first quarter valued at $203,000. Finally, BNP Paribas Arbitrage SA boosted its stake in Aircastle Limited by 203.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,362 shares of the transportation company’s stock valued at $204,000 after buying an additional 6,279 shares during the period. Institutional investors own 62.76% of the company’s stock.

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.

Analyst Recommendations for Aircastle Limited (NYSE:AYR)

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