Aircastle (NYSE:AYR) Rating Reaffirmed
Recently, In analysts report sent to clients and investors on Friday morning, Aircastle (NYSE:AYR) shares have had their Mkt Perform Rating reconfirmed by equity analysts at FBR Capital, who currently has a $22.00 Estimated Target Price on company. This target by FBR Capital would possibly suggest the possibile upside of 7.11% from the stock close price.
From a total of 12 analysts covering Aircastle (NYSE:AYR) stock, 5 rate it a ”Buy”, 1 a “Sell”, and 7 a ”Hold”. This means that 38% of the ratings are positive. The highest target price is $28 while the lowest target price is $22. The mean of all analyst targets is $24.18 with a 20.11% above today’s ($20.54) stock price. Aircastle was the topic of 8 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. JP Morgan upgraded shares on November 13 to “Neutral” rating. DA Davidson initiated shares with “Neutral” rating and $23 target share price in a report from an August 21. Macquarie Research maintained AYR stock in a recent report from November 4 with “Neutral” rating. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on a November 4.
The stock closed the day at $20.54 during the previous session. It is down 16.40% since May 1, 2015 and is downtrending. It has underperformed by 13.62% the S&P500.
Aircastle Limited is a holding company. The company has a market cap of $1.67 billion. The Company, through its subsidiaries, is engaged in acquiring, leasing and selling commercial jet aircrafts. It has 11.58 P/E ratio. As of December 31, 2014, the Company’s aircraft portfolio consisted of 148 aircraft leased to 54 lessees located in about 34 countries.
According to Zacks Investment Research, “AIRCASTLE LTD are a global company that acquires and leases high utility commercial jet aircraft to passenger and cargo airlines throughout the world. High utility aircraft are generally modern, operationally efficient jets with a large operator base and long useful lives. They also make investments in other aviation assets, including debt securities secured by commercial jet aircraft.” Get a free copy of the Zacks research report on Aircastle Limited (AYR).