Aircastle Limited (AYR) Given Consensus Recommendation of “Hold” by Brokerages
Aircastle Limited (NYSE:AYR) has been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $25.11.
Several research analysts have recently commented on AYR shares. ValuEngine lowered shares of Aircastle from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Cowen reiterated a “hold” rating and issued a $26.00 price target on shares of Aircastle in a research note on Tuesday, September 12th. Credit Suisse Group lifted their price target on shares of Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Citigroup initiated coverage on shares of Aircastle in a research note on Friday. They issued a “neutral” rating and a $25.00 price target for the company. Finally, Zacks Investment Research downgraded shares of Aircastle from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.
A number of hedge funds have recently added to or reduced their stakes in AYR. Zions Bancorporation acquired a new stake in Aircastle during the third quarter worth approximately $111,000. SG Americas Securities LLC acquired a new stake in Aircastle during the second quarter worth approximately $121,000. BNP Paribas Arbitrage SA raised its holdings in Aircastle by 203.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,362 shares of the transportation company’s stock worth $204,000 after purchasing an additional 6,279 shares in the last quarter. Kayne Anderson Capital Advisors LP acquired a new stake in Aircastle during the third quarter worth approximately $207,000. Finally, Suntrust Banks Inc. raised its holdings in Aircastle by 0.7% during the second quarter. Suntrust Banks Inc. now owns 9,711 shares of the transportation company’s stock worth $210,000 after purchasing an additional 67 shares in the last quarter. 61.59% of the stock is currently owned by institutional investors.
Aircastle (NYSE:AYR) traded up $0.23 during midday trading on Thursday, hitting $23.51. 350,025 shares of the stock traded hands, compared to its average volume of 293,446. Aircastle has a twelve month low of $20.50 and a twelve month high of $25.98. The stock has a market capitalization of $1,853.57, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 1.98 and a beta of 1.86.
Aircastle (NYSE:AYR) last posted its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.15. Aircastle 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 analyst estimates of $184.02 million. During the same quarter last year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. sell-side analysts expect that Aircastle will post 1.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.12 dividend on an annualized basis and a yield of 4.76%. This is a boost from Aircastle’s previous quarterly dividend of $0.26. Aircastle’s dividend payout ratio (DPR) is presently 54.90%.
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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.
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