Shares of AeroCentury Corp. (NYSE:ACY) have earned an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.
Analysts have set a twelve-month consensus price target of $11.75 for the company and are anticipating that the company will post $2.64 EPS for the current quarter, according to Zacks. Zacks has also assigned AeroCentury Corp. an industry rank of 2 out of 265 based on the ratings given to related companies.
AeroCentury Corp. (NYSE:ACY) opened at 12.70 on Monday. AeroCentury Corp. has a one year low of $7.61 and a one year high of $14.00. The firm has a market capitalization of $19.60 million and a PE ratio of 5.10. The company has a 50 day moving average price of $10.41 and a 200-day moving average price of $9.44.
Separately, Zacks Investment Research downgraded AeroCentury Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, November 17th.
AeroCentury Corp. acquires used regional aircraft and aircraft engines for lease to regional carriers all over the world. The business of the Company is managed by JetFleet Management Corp. (NYSE:ACY), an integrated aircraft management, marketing and financing business. JMC is a subsidiary of JetFleet Holding Corp (JHC). The Company has been engaged in the business of investing in used regional aircraft equipment leased to foreign and domestic regional air carriers. The Company owns regional aircraft and engines, which are leased to customers under triple net leases with terms that are less than the useful life of the assets. As of February 28, 2015, the different types of aircraft in the Company’s portfolio were Bombardier Dash-8-300, Bombardier CRJ-700, Bombardier CRJ-900 and Bombardier Dash-8-Q400.
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