Analysts Set Aircastle Limited (AYR) Price Target at $23.20

Aircastle Limited (NYSE:AYR) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $23.20.

Several research firms have recently commented on AYR. Zacks Investment Research downgraded shares of Aircastle from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. TheStreet downgraded shares of Aircastle from a “b-” rating to a “c+” rating in a report on Friday, December 28th. Barclays set a $22.00 price objective on shares of Aircastle and gave the company a “hold” rating in a report on Friday, December 14th. Credit Suisse Group dropped their price objective on shares of Aircastle from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, December 11th. Finally, Cowen reaffirmed an “outperform” rating and issued a $25.00 price objective (down from $26.00) on shares of Aircastle in a report on Tuesday, December 11th.

NYSE:AYR opened at $19.79 on Friday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.93 and a beta of 1.61. Aircastle has a twelve month low of $15.75 and a twelve month high of $25.30.

Aircastle (NYSE:AYR) last released its quarterly earnings data on Thursday, November 1st. The transportation company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.43 by $0.06. The business had revenue of $190.80 million for the quarter, compared to the consensus estimate of $192.78 million. Aircastle had a net margin of 25.70% and a return on equity of 10.26%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. As a group, equities analysts expect that Aircastle will post 3.28 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in AYR. American Century Companies Inc. grew its position in Aircastle by 0.8% during the third quarter. American Century Companies Inc. now owns 323,103 shares of the transportation company’s stock valued at $7,079,000 after buying an additional 2,701 shares during the period. Teachers Advisors LLC grew its position in Aircastle by 3.2% during the third quarter. Teachers Advisors LLC now owns 100,239 shares of the transportation company’s stock valued at $2,196,000 after buying an additional 3,068 shares during the period. TIAA CREF Investment Management LLC grew its position in Aircastle by 1.3% during the third quarter. TIAA CREF Investment Management LLC now owns 253,523 shares of the transportation company’s stock valued at $5,555,000 after buying an additional 3,222 shares during the period. SG Americas Securities LLC grew its position in Aircastle by 69.9% during the second quarter. SG Americas Securities LLC now owns 10,128 shares of the transportation company’s stock valued at $208,000 after buying an additional 4,168 shares during the period. Finally, Rhumbline Advisers grew its position in Aircastle by 8.0% during the third quarter. Rhumbline Advisers now owns 68,459 shares of the transportation company’s stock valued at $1,500,000 after buying an additional 5,063 shares during the period. 58.04% of the stock is currently owned by institutional investors and hedge funds.

About Aircastle

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The company also invests in other aviation assets. As of December 31, 2017, its aircraft portfolio comprised 236 aircraft leased to 81 lessees located in 43 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

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Analyst Recommendations for Aircastle (NYSE:AYR)

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