Aircastle (AYR) Upgraded at ValuEngine

Aircastle (NYSE:AYR) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other analysts have also recently commented on AYR. Zacks Investment Research cut Aircastle from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 30th. TheStreet raised Aircastle from a “c+” rating to a “b-” rating in a report on Thursday, January 31st. Bank of America cut Aircastle from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $23.00 to $20.00 in a report on Thursday. Barclays set a $22.00 price target on Aircastle and gave the company a “hold” rating in a report on Friday, December 14th. Finally, Credit Suisse Group reduced their price target on Aircastle from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.88.

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Shares of AYR traded down $0.19 during mid-day trading on Thursday, hitting $20.35. The company’s stock had a trading volume of 360,044 shares, compared to its average volume of 336,647. The stock has a market capitalization of $1.54 billion, a P/E ratio of 10.88 and a beta of 1.74. Aircastle has a 1-year low of $15.75 and a 1-year high of $23.14.

Aircastle (NYSE:AYR) last posted its quarterly earnings results on Tuesday, February 12th. The transportation company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.42 by $0.01. The business had revenue of $292.60 million during the quarter, compared to analysts’ expectations of $282.86 million. Aircastle had a return on equity of 10.26% and a net margin of 25.70%. The company’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. As a group, sell-side analysts expect that Aircastle will post 3.26 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Aircastle by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,620,410 shares of the transportation company’s stock valued at $114,136,000 after purchasing an additional 49,433 shares in the last quarter. Vanguard Group Inc. increased its stake in Aircastle by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,964,331 shares of the transportation company’s stock valued at $108,768,000 after purchasing an additional 121,434 shares in the last quarter. Vanguard Group Inc increased its stake in Aircastle by 2.5% in the 3rd quarter. Vanguard Group Inc now owns 4,964,331 shares of the transportation company’s stock valued at $108,768,000 after purchasing an additional 121,434 shares in the last quarter. BlackRock Inc. increased 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 purchasing an additional 376,008 shares in the last quarter. Finally, LSV Asset Management increased its stake in Aircastle by 0.4% in the 4th quarter. LSV Asset Management now owns 3,740,955 shares of the transportation company’s stock valued at $64,494,000 after purchasing an additional 16,700 shares in the last quarter. 58.36% of the stock is owned by hedge funds and other institutional investors.

Aircastle Company Profile

Aircastle Limited, through its subsidiaries, leases, finances, sells, and manages commercial flight equipment to airlines worldwide. The company also invests in other aviation assets. As of December 31, 2017, its aircraft portfolio comprised 236 aircraft leased to 81 lessees located in 43 countries. Aircastle Limited was founded in 2004 and is based in Stamford, Connecticut.

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