Aircastle Limited (AYR) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Apr 14, 2016.
Many Wall Street Analysts have commented on Aircastle Limited. Company shares were Reiterated by FBR Capital on Mar 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .Company shares were Reiterated by Barclays on Mar 14, 2016 to “Overweight”, Firm has raised the Price Target to $ 28 from a previous price target of $27 .Company shares were Reiterated by FBR Capital on Mar 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .
On the company’s financial health, Aircastle Limited reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.22 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.45. The company had revenue of $208.30 million for the quarter, compared to analysts expectations of $186.76 million. The company’s revenue was down -12.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.99 EPS.
Aircastle Limited opened for trading at $21.16 and hit $21.81 on the upside on Monday, eventually ending the session at $21.33, with a gain of 1.47% or 0.31 points. The heightened volatility saw the trading volume jump to 2,58,590 shares. Company has a market cap of $1,676 M.
In a different news, on Dec 16, 2015, Peter V Ueberroth (director) purchased 20,000 shares at $19.99 per share price. According to the SEC, on Nov 20, 2015, Michael Inglese (CFO) sold 40,000 shares at $20.62 per share price. On Aug 20, 2015, Ron Wainshal (CEO) purchased 2,400 shares at $20.83 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s 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.