Aircastle Limited (NYSE:AYR) has received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $24.33.

A number of analysts have recently issued reports on AYR shares. Zacks Investment Research raised shares of Aircastle Limited from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, July 4th. FBR & Co dropped their price target on shares of Aircastle Limited from $27.50 to $26.00 and set a “market perform” rating on the stock in a report on Thursday, May 4th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $24.00 price target (down previously from $26.00) on shares of Aircastle Limited in a report on Thursday, May 25th. Barclays PLC initiated coverage on shares of Aircastle Limited in a report on Monday, July 10th. They set an “equal weight” rating and a $24.00 price target on the stock. Finally, BidaskClub downgraded shares of Aircastle Limited from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th.

Institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC increased its position in shares of Aircastle Limited by 13.1% in the fourth quarter. Teachers Advisors LLC now owns 84,711 shares of the transportation company’s stock valued at $1,766,000 after buying an additional 9,784 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Aircastle Limited by 23.5% in the first quarter. Nationwide Fund Advisors now owns 59,426 shares of the transportation company’s stock valued at $1,434,000 after buying an additional 11,300 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Aircastle Limited by 131.9% in the first quarter. Russell Investments Group Ltd. now owns 18,990 shares of the transportation company’s stock valued at $459,000 after buying an additional 10,800 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Aircastle Limited by 3.6% in the first quarter. Wells Fargo & Company MN now owns 107,963 shares of the transportation company’s stock valued at $2,605,000 after buying an additional 3,707 shares in the last quarter. Finally, LSV Asset Management increased its position in shares of Aircastle Limited by 1.1% in the first quarter. LSV Asset Management now owns 3,909,745 shares of the transportation company’s stock valued at $94,342,000 after buying an additional 43,254 shares in the last quarter. 62.04% of the stock is currently owned by institutional investors.

Aircastle Limited (NYSE AYR) traded down 0.09% on Tuesday, reaching $22.40. 82,904 shares of the company’s stock were exchanged. The company has a market cap of $1.76 billion, a PE ratio of 13.51 and a beta of 1.81. Aircastle Limited has a 52-week low of $18.26 and a 52-week high of $25.98. The firm’s 50 day moving average price is $22.64 and its 200 day moving average price is $22.85.

Aircastle Limited (NYSE:AYR) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by $0.58. The company had revenue of $223.53 million for the quarter, compared to analysts’ expectations of $206.10 million. Aircastle Limited had a net margin of 15.75% and a return on equity of 7.41%. The business’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 EPS. On average, analysts expect that Aircastle Limited will post $1.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Tuesday, August 29th. Aircastle Limited’s payout ratio is 62.65%.

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About Aircastle Limited

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.

Analyst Recommendations for Aircastle Limited (NYSE:AYR)

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