Aircastle Limited (AYR) : 8 analysts are covering Aircastle Limited (AYR) and their average rating on the stock is 2.63, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Aircastle Limited (AYR) : 6 investment research analysts covering Aircastle Limited (AYR) have an average price target of $22.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $25 and the lowest target is $19 for the short term. Analysts expect the variance to be within $2.07 of the average price.
Company shares have received an average consensus rating of Hold for the current week Aircastle Limited (NYSE:AYR): The stock opened at $21.11 on Thursday but the bulls could not build on the opening and the stock topped out at $21.21 for the day. The stock traded down to $20.52 during the day, due to lack of any buying support eventually closed down at $20.52 with a loss of -2.33% for the day. The stock had closed at $21.01 on the previous day. The total traded volume was 307,688 shares.
In a related news, Ueberroth Peter V, director of Aircastle Ltd had purchased 20,000 shares on December 15, 2015 in a transaction. The price per share was $19.99 and the total amount of the disclosed transaction was $399,800.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.