AerCap (NYSE:AER) had its price target raised by Deutsche Bank from $65.00 to $68.00 in a research report sent to investors on Thursday. Deutsche Bank currently has a buy rating on the financial services provider’s stock.
A number of other equities analysts have also recently commented on the company. Royal Bank of Canada restated a buy rating on shares of AerCap in a report on Thursday. Zacks Investment Research cut AerCap from a hold rating to a sell rating in a report on Monday, February 5th. Wells Fargo & Co set a $62.00 target price on AerCap and gave the company a buy rating in a report on Friday, December 15th. Citigroup began coverage on AerCap in a report on Friday, December 8th. They set a neutral rating and a $57.00 target price for the company. Finally, UBS Group raised their target price on AerCap from $44.00 to $54.00 and gave the company a neutral rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $58.27.
AerCap (AER) opened at $51.96 on Thursday. AerCap has a twelve month low of $42.35 and a twelve month high of $55.67. The company has a market capitalization of $8,210.00, a PE ratio of 7.69, a P/E/G ratio of 0.69 and a beta of 1.79. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17.
AerCap (NYSE:AER) last announced its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.29. AerCap had a return on equity of 12.33% and a net margin of 21.36%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business posted $2.01 EPS. AerCap’s revenue for the quarter was down 7.7% on a year-over-year basis. equities analysts anticipate that AerCap will post 6.28 earnings per share for the current fiscal year.
AerCap declared that its Board of Directors has initiated a stock repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Several institutional investors and hedge funds have recently made changes to their positions in AER. Arrowstreet Capital Limited Partnership boosted its stake in shares of AerCap by 135.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,242,647 shares of the financial services provider’s stock valued at $117,986,000 after buying an additional 1,288,455 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in shares of AerCap in the 4th quarter valued at about $31,769,000. PGGM Investments purchased a new position in shares of AerCap in the 3rd quarter valued at about $21,142,000. Neuberger Berman Group LLC boosted its stake in shares of AerCap by 7.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 3,320,387 shares of the financial services provider’s stock valued at $169,705,000 after buying an additional 230,716 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in shares of AerCap by 5,343.8% in the 3rd quarter. Asset Management One Co. Ltd. now owns 228,423 shares of the financial services provider’s stock valued at $11,674,000 after buying an additional 224,227 shares during the period. Institutional investors and hedge funds own 85.34% of the company’s stock.
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AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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