Aircastle Ltd. (AYR) Sees Large Volume Increase
Shares of Aircastle Ltd. (NYSE:AYR) saw an uptick in trading volume on Friday . 274,745 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 263,645 shares.The stock last traded at $21.56 and had previously closed at $21.00.
Several research firms recently weighed in on AYR. Deutsche Bank AG cut shares of Aircastle from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a report on Thursday, May 5th. FBR & Co reiterated a “buy” rating on shares of Aircastle in a report on Thursday, May 5th. Finally, Zacks Investment Research upgraded shares of Aircastle from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, June 29th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.10.
The company has a market capitalization of $1.71 billion and a PE ratio of 18.81. The stock has a 50-day moving average of $21.22 and a 200-day moving average of $20.75.
Aircastle (NYSE:AYR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The company earned $190 million during the quarter, compared to analysts’ expectations of $188.25 million. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. On average, equities research analysts expect that Aircastle Ltd. will post $1.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, August 26th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 4.42%.
A hedge fund recently raised its stake in Aircastle stock. Bank of Montreal Can boosted its stake in shares of Aircastle Ltd. (NYSE:AYR) by 313.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 71,050 shares of the company’s stock after buying an additional 53,881 shares during the period. Bank of Montreal Can owned about 0.09% of Aircastle worth $1,485,000 at the end of the most recent quarter.
Aircastle Limited is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. The Company operates through leasing, financing, selling and managing commercial flight equipment segment.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.