Zacks Investment Research Upgrades AeroCentury Corp. (ACY) to “Buy”
AeroCentury Corp. (NYSEMKT:ACY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage currently has a $10.00 price objective on the stock. Zacks Investment Research’s target price indicates a potential upside of 8.70% from the company’s current price.
According to Zacks, “AeroCentury Corp. was formed to acquire JetFleet Aircraft, L.P. and JetFleet Aircraft II, L.P., in a statutory merger. The company is an operating lessor and finance company which specializes in leasing used turboprop aircraft and engines. The company’s aircraft and engines are on lease to regional airlines and commercial users in the U.S., Canada, the U.K., South America and Europe. (PRESS RELEASE) “
Separately, TheStreet upgraded shares of AeroCentury Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th.
AeroCentury Corp. (NYSEMKT:ACY) opened at 9.245 on Tuesday. AeroCentury Corp. has a one year low of $8.50 and a one year high of $14.88. The firm has a market cap of $14.48 million, a PE ratio of 3.329 and a beta of 0.15. The company’s 50-day moving average is $9.13 and its 200 day moving average is $9.17.
COPYRIGHT VIOLATION NOTICE: “Zacks Investment Research Upgrades AeroCentury Corp. (ACY) to “Buy”” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2016/12/01/zacks-investment-research-upgrades-aerocentury-corp-acy-to-buy.html.
AeroCentury Corp. Company Profile
AeroCentury Corp. acquires used regional aircraft and aircraft engines for lease to regional carriers all over the world. The Company’s segment is leasing of regional aircraft to foreign and domestic regional airlines. The business of the Company is managed by JetFleet Management Corp. (JMC), an integrated aircraft management, marketing and financing business.
Receive News & Stock Ratings for AeroCentury Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroCentury Corp. and related stocks with our FREE daily email newsletter.