ValuEngine lowered shares of Aircastle Limited (NYSE:AYR) from a strong-buy rating to a buy rating in a research report report published on Monday, November 6th.
A number of other equities research analysts have also commented on AYR. Cowen and Company reiterated a market perform rating and issued a $26.00 target price (up previously from $25.00) on shares of Aircastle Limited in a research report on Thursday, August 10th. BidaskClub downgraded Aircastle Limited from a sell rating to a strong sell rating in a report on Monday, August 14th. Credit Suisse Group boosted their price target on Aircastle Limited from $25.00 to $26.00 and gave the company a neutral rating in a report on Friday, November 3rd. Zacks Investment Research downgraded Aircastle Limited from a hold rating to a sell rating in a research note on Monday, August 14th. Finally, Barclays PLC started 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and an average price target of $25.00.
Shares of Aircastle Limited (AYR) opened at $23.41 on Monday. The firm has a market capitalization of $1,842.55, a PE ratio of 10.89, a P/E/G ratio of 1.97 and a beta of 1.85. Aircastle Limited has a fifty-two week low of $20.50 and a fifty-two week high of $25.98.
Aircastle Limited (NYSE:AYR) last announced its earnings results on Thursday, November 2nd. The transportation company reported $0.82 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.15. Aircastle Limited had a net margin of 19.48% and a return on equity of 9.18%. The business had revenue of $191.41 million during the quarter, compared to the consensus estimate of $184.02 million. The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. equities analysts forecast that Aircastle Limited will post 1.75 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a $0.28 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.12 dividend on an annualized basis and a yield of 4.78%. This is a positive change from Aircastle Limited’s previous quarterly dividend of $0.26. Aircastle Limited’s dividend payout ratio (DPR) is currently 50.98%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Zions Bancorporation purchased a new position in Aircastle Limited during the 3rd quarter worth approximately $111,000. SG Americas Securities LLC purchased a new position in Aircastle Limited during the 2nd quarter worth approximately $121,000. Principal Financial Group Inc. purchased a new position in Aircastle Limited during the 1st quarter worth approximately $203,000. Kayne Anderson Capital Advisors LP purchased a new position in Aircastle Limited during the 3rd quarter worth approximately $207,000. Finally, BNP Paribas Arbitrage SA grew its stake in Aircastle Limited by 203.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,362 shares of the transportation company’s stock worth $204,000 after buying an additional 6,279 shares during the last quarter. 61.05% of the stock is currently owned by institutional investors and hedge funds.
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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