Aircastle Limited (AYR) Receives Consensus Rating of “Hold” from Analysts

Shares of Aircastle Limited (NYSE:AYR) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.86.

AYR has been the subject of a number of recent analyst reports. TheStreet lowered shares of Aircastle from a “b-” rating to a “c+” rating in a research report on Friday, December 28th. Zacks Investment Research downgraded shares of Aircastle from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Bank of America downgraded shares of Aircastle from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $23.00 to $20.00 in a report on Thursday, February 14th. ValuEngine raised shares of Aircastle from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. Finally, Goldman Sachs Group assumed coverage on shares of Aircastle in a report on Monday, April 8th. They issued a “sell” rating and a $18.00 target price on the stock.

In other news, insider Michael Kriedberg sold 35,000 shares of the business’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $20.45, for a total value of $715,750.00. Following the transaction, the insider now owns 180,968 shares of the company’s stock, valued at $3,700,795.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in AYR. Norges Bank purchased a new stake in shares of Aircastle in the fourth quarter valued at $16,038,000. Diamond Hill Capital Management Inc. grew its stake in Aircastle by 25.5% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 2,997,774 shares of the transportation company’s stock valued at $51,682,000 after acquiring an additional 609,540 shares during the period. BlackRock Inc. grew its stake in Aircastle by 10.8% in the 3rd quarter. BlackRock Inc. now owns 3,857,465 shares of the transportation company’s stock valued at $84,518,000 after acquiring an additional 376,008 shares during the period. Millennium Management LLC grew its stake in Aircastle by 213.4% in the 4th quarter. Millennium Management LLC now owns 352,344 shares of the transportation company’s stock valued at $6,074,000 after acquiring an additional 239,909 shares during the period. Finally, Chicago Equity Partners LLC acquired a new stake in Aircastle in the 4th quarter valued at $2,527,000. 58.70% of the stock is currently owned by institutional investors.

NYSE AYR traded down $0.13 during trading hours on Friday, hitting $19.97. 187,036 shares of the company’s stock traded hands, compared to its average volume of 254,437. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 6.30 and a beta of 1.72. Aircastle has a 52 week low of $15.75 and a 52 week high of $23.14.

Aircastle (NYSE:AYR) last announced its earnings results on Tuesday, February 12th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.01. The company had revenue of $292.60 million during the quarter, compared to analyst estimates of $282.86 million. Aircastle had a net margin of 27.77% and a return on equity of 12.57%. The firm’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.72 earnings per share. Analysts predict that Aircastle will post 2.12 EPS for the current fiscal year.

Aircastle Company Profile

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. As of December 31, 2018, its aircraft portfolio comprised 261 aircraft leased to 81 lessees located in 44 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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