Aircastle Limited (AYR) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $25 and the lowest price target forecast is $19. The average forecast of all the analysts is $22.8 and the expected standard deviation is $2.28.
Aircastle Limited (AYR) : Zacks Investment Research ranks Aircastle Limited (AYR) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.57, which indicates as a Hold.
Also, Equity analysts at the Brokerage firm FBR Capital downgrades its rating on Aircastle Limited (NYSE:AYR). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 5, 2016.
Aircastle Limited (NYSE:AYR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.69 and $21.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.68, notching a gain of 0.14% for the day. The total traded volume was 391,232 . The stock had closed at $21.65 on the previous day.
Aircastle Limited (Aircastle) is a holding company. The Company, through its subsidiaries, is engaged in acquiring, leasing and selling commercial jet aircrafts. As of December 31, 2014, the Companys aircraft portfolio consisted of 148 aircraft leased to 54 lessees located in about 34 countries. The Company manages its aircraft fleet through offices in the United States, Ireland and Singapore. It also makes investments in other aviation assets, including debt investments secured by commercial jet aircraft. The Company offers passenger aircraft, including narrowbody, midbody and widebody, and freighter aircrafts. The Company has operations in Europe, Asia and Pacific, North America, South America and Middle East and Africa. As of December 31, 2014, its customers include Martinair (including its affiliate Transavia), LATAM Airlines Group S.A. and South African Airways Pty. Ltd.