Cowen and Company restated their hold rating on shares of Aircastle Limited (NYSE:AYR) in a research report report published on Tuesday morning. Cowen and Company currently has a $26.00 target price on the transportation company’s stock.
A number of other equities research analysts have also recently commented on the stock. BidaskClub cut shares of Aircastle Limited from a sell rating to a strong sell rating in a report on Monday, August 14th. Zacks Investment Research cut shares of Aircastle Limited from a hold rating to a sell rating in a report on Monday, August 14th. Barclays PLC assumed 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, Wells Fargo & Company reiterated 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. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Aircastle Limited has an average rating of Hold and a consensus price target of $24.30.
Aircastle Limited (NYSE:AYR) opened at 21.759 on Tuesday. The firm’s 50 day moving average is $22.52 and its 200 day moving average is $22.69. The company has a market cap of $1.71 billion, a PE ratio of 13.124 and a beta of 1.83. Aircastle Limited has a 52-week low of $18.26 and a 52-week high of $25.98.
Aircastle Limited (NYSE:AYR) last posted its quarterly earnings results on Tuesday, August 8th. The transportation company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.58). Aircastle Limited had a net margin of 15.75% and a return on equity of 7.41%. The firm had revenue of $223.53 million for the quarter, compared to analysts’ expectations of $206.10 million. During the same quarter in the previous year, the company earned $0.31 EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. Analysts forecast that Aircastle Limited will post $1.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a dividend of $0.26 per share. The ex-dividend date is Tuesday, August 29th. This represents a $1.04 dividend on an annualized basis and a yield of 4.80%. Aircastle Limited’s dividend payout ratio (DPR) is 62.65%.
Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Aircastle Limited during the second quarter valued at approximately $121,000. Principal Financial Group Inc. bought a new position in Aircastle Limited during the first quarter valued at approximately $203,000. BNP Paribas Arbitrage SA lifted its position in Aircastle Limited 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. Violich Capital Management Inc. bought a new position in Aircastle Limited during the first quarter valued at approximately $209,000. Finally, Suntrust Banks Inc. lifted its position in Aircastle Limited 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. Institutional investors own 62.04% of the company’s stock.
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.
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