BidaskClub Lowers Aircastle Limited (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 report issued to clients and investors on Monday.
AYR has been the subject of a number of other research reports. Zacks Investment Research cut shares of Aircastle Limited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Barclays PLC initiated 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. Wells Fargo & Company restated 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. FBR & Co cut 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. Finally, Royal Bank Of Canada restated a “hold” rating and set a $25.00 price target on shares of Aircastle Limited in a research note on Friday, April 21st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.30.
Aircastle Limited (NYSE AYR) traded up 1.57% during trading on Monday, hitting $22.59. The stock had a trading volume of 152,362 shares. The stock has a 50-day moving average price of $22.55 and a 200-day moving average price of $22.91. Aircastle Limited has a 52 week low of $18.26 and a 52 week high of $25.98. The company has a market cap of $1.78 billion, a PE ratio of 13.62 and a beta of 1.81.
Aircastle Limited (NYSE:AYR) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.58. The business had revenue of $223.53 million for the quarter, compared to the consensus estimate of $206.10 million. Aircastle Limited had a return on equity of 7.41% and a net margin of 15.75%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 EPS. Equities analysts predict that Aircastle Limited will post $2.03 EPS for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Suntrust Banks Inc. boosted its position in Aircastle Limited by 0.7% in the second quarter. Suntrust Banks Inc. now owns 9,711 shares of the transportation company’s stock worth $210,000 after buying an additional 67 shares during the period. Clearbridge Investments LLC boosted its position in Aircastle Limited by 1.4% in the first quarter. Clearbridge Investments LLC now owns 13,616 shares of the transportation company’s stock worth $329,000 after buying an additional 189 shares during the period. AMG Funds LLC boosted its position in Aircastle Limited by 0.6% in the second quarter. AMG Funds LLC now owns 73,302 shares of the transportation company’s stock worth $1,594,000 after buying an additional 470 shares during the period. Renaissance Group LLC boosted its position in Aircastle Limited by 3.4% in the first quarter. Renaissance Group LLC now owns 16,847 shares of the transportation company’s stock worth $407,000 after buying an additional 552 shares during the period. Finally, Blair William & Co. IL boosted its position in Aircastle Limited by 2.6% in the first quarter. Blair William & Co. IL now owns 34,002 shares of the transportation company’s stock worth $820,000 after buying an additional 854 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.
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