Cowen & Co. analyst Helane Becker maintained a Buy rating on Aircastle Limited (AYR) yesterday and set a price target of $25. The company’s shares closed yesterday at $17.06, close to its 52-week low of $17.01.
According to TipRanks.com, Becker is a top 25 analyst with an average return of 20.2% and a 72.2% success rate. Becker covers the Services sector, focusing on stocks such as Allegiant Travel Company, Air Transport Services, and WestJet Airlines Ltd.
Currently, the analyst consensus on Aircastle Limited is a Moderate Buy with an average price target of $25.
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Based on Aircastle Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $36.11 million. In comparison, last year the company had a net profit of $57.02 million.
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Aircastle Ltd. engages in the lease, finance, sale, and management of commercial flight equipment. It employs a balanced approach to investment and capitalization. The company was founded on October 29, 2004 and is headquartered in Stamford, CT.
