Investment analysts at Macquarie began coverage on shares of Aircastle (NYSE:AYR) in a research note issued on Tuesday, The Fly reports. The firm set an “outperform” rating on the transportation company’s stock. The analysts noted that the move was a valuation call.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective 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 research note on Friday, February 16th. Stephens reissued an “equal weight” rating on shares of Aircastle in a research note on Thursday, February 15th. Royal Bank of Canada reissued a “hold” rating on shares of Aircastle in a research note on Wednesday, February 14th. Finally, Cowen reissued a “market perform” rating and issued a $24.00 target price (down previously from $26.00) on shares of Aircastle in a research note on Tuesday, February 13th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.60.

Aircastle (NYSE:AYR) opened at $19.92 on Tuesday. Aircastle has a twelve month low of $18.97 and a twelve month high of $25.30. The stock has a market cap of $1,560.16, a PE ratio of 10.60, a PEG ratio of 1.17 and a beta of 1.87.

Aircastle (NYSE:AYR) last posted its quarterly earnings data on Tuesday, February 13th. The transportation company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Aircastle had a net margin of 18.56% and a return on equity of 8.41%. The company had revenue of $177.40 million for the quarter, compared to the consensus estimate of $184.09 million. During the same quarter in the previous year, the firm posted $0.90 EPS. The business’s revenue was down 13.3% compared to the same quarter last year. equities analysts forecast that Aircastle will post 1.7 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baker Ellis Asset Management LLC bought a new stake in Aircastle in the fourth quarter valued at about $106,000. Zions Bancorporation bought a new stake in Aircastle during the third quarter worth about $111,000. Kayne Anderson Capital Advisors LP bought a new stake in Aircastle during the third quarter worth about $207,000. Jefferies Group LLC bought a new stake in Aircastle during the fourth quarter worth about $247,000. Finally, SG Americas Securities LLC grew its stake in Aircastle by 98.5% during the third quarter. SG Americas Securities LLC now owns 11,026 shares of the transportation company’s stock worth $246,000 after buying an additional 5,471 shares during the last quarter. 61.55% of the stock is currently owned by institutional investors and hedge funds.

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Aircastle 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.

The Fly

Analyst Recommendations for Aircastle (NYSE:AYR)

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