Aircastle Limited (AYR) Given Average Recommendation of “Hold” by Analysts

Shares of Aircastle Limited (NYSE:AYR) have received a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $25.13.

Several research analysts recently weighed in on AYR shares. ValuEngine cut shares of Aircastle from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 6th. Cowen reaffirmed a “hold” rating and issued a $26.00 target price on shares of Aircastle in a research note on Tuesday, September 12th. Credit Suisse Group upped their target price on Aircastle from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Aircastle from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, BidaskClub lowered Aircastle from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th.

Aircastle (NYSE:AYR) traded down $0.35 during mid-day trading on Thursday, hitting $23.65. 169,900 shares of the company traded hands, compared to its average volume of 293,754. The company has a market capitalization of $1,888.99, a PE ratio of 11.16, a price-to-earnings-growth ratio of 2.02 and a beta of 1.86. Aircastle has a one year low of $20.50 and a one year high of $25.98.

Aircastle (NYSE:AYR) last posted its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.15. The company had revenue of $191.41 million for the quarter, compared to analysts’ expectations of $184.02 million. Aircastle had a net margin of 19.48% and a return on equity of 9.18%. Aircastle’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share. sell-side analysts predict that Aircastle will post 1.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.12 annualized dividend and a yield of 4.74%. This is a positive change from Aircastle’s previous quarterly dividend of $0.26. Aircastle’s dividend payout ratio is currently 54.90%.

Large investors have recently added to or reduced their stakes in the company. Zions Bancorporation purchased a new stake in shares of Aircastle during the third quarter valued at approximately $111,000. SG Americas Securities LLC purchased a new stake in shares of Aircastle during the second quarter valued at approximately $121,000. BNP Paribas Arbitrage SA boosted its stake in shares of Aircastle by 203.7% during the second quarter. BNP Paribas Arbitrage SA now owns 9,362 shares of the transportation company’s stock valued at $204,000 after purchasing an additional 6,279 shares during the period. Kayne Anderson Capital Advisors LP purchased a new stake in shares of Aircastle during the third quarter valued at approximately $207,000. Finally, Suntrust Banks Inc. boosted its stake in shares of Aircastle by 0.7% during the second quarter. Suntrust Banks Inc. now owns 9,711 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 67 shares during the period. 61.59% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Aircastle (NYSE:AYR)

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