ValuEngine Upgrades AeroCentury Corp. (ACY) to “Strong-Buy”

ValuEngine upgraded shares of AeroCentury Corp. (NYSEMKT:ACY) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday, August 1st.

A number of other brokerages also recently weighed in on ACY. Zacks Investment Research raised shares of AeroCentury Corp. from a sell rating to a hold rating and set a $12.00 price target for the company in a report on Thursday, May 18th. TheStreet downgraded shares of AeroCentury Corp. from a c rating to a d rating in a research note on Wednesday, May 17th.

AeroCentury Corp. (NYSEMKT:ACY) traded down 3.26% during trading on Tuesday, hitting $10.40. The stock had a trading volume of 3,738 shares. AeroCentury Corp. has a 1-year low of $8.50 and a 1-year high of $16.10. The stock has a market cap of $14.73 million, a PE ratio of 10.72 and a beta of 0.15. The firm’s 50-day moving average price is $12.48 and its 200-day moving average price is $10.91.

AeroCentury Corp. (NYSEMKT:ACY) last announced its earnings results on Thursday, August 10th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. AeroCentury Corp. had a net margin of 8.39% and a return on equity of 6.19%. The firm had revenue of $7.11 million for the quarter, compared to analyst estimates of $7.84 million. On average, equities research analysts predict that AeroCentury Corp. will post $1.61 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “ValuEngine Upgrades AeroCentury Corp. (ACY) to “Strong-Buy”” was published by BNB Daily and is owned by of BNB Daily. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at

An institutional investor recently raised its position in AeroCentury Corp. stock. Renaissance Technologies LLC increased its position in AeroCentury Corp. (NYSEMKT:ACY) by 2.5% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,700 shares of the financial services provider’s stock after buying an additional 400 shares during the period. Renaissance Technologies LLC owned 1.07% of AeroCentury Corp. worth $158,000 at the end of the most recent reporting period.

About AeroCentury Corp.

AeroCentury Corp. acquires used regional aircraft and aircraft engines for lease to regional carriers all over the world. The Company’s segment is leasing of regional aircraft to foreign and domestic regional airlines. The business of the Company is managed by JetFleet Management Corp. (JMC), an integrated aircraft management, marketing and financing business.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for AeroCentury Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AeroCentury Corp. and related companies with's FREE daily email newsletter.

Latest News

Leave a Reply