AerCap Holdings (NYSE:AER) was the target of some unusual options trading activity on Tuesday. Stock investors bought 2,017 call options on the company. This represents an increase of 940% compared to the average daily volume of 194 call options.
Shares of AerCap stock opened at $51.11 on Thursday. The company has a debt-to-equity ratio of 3.29, a current ratio of 0.49 and a quick ratio of 0.49. AerCap has a 1-year low of $42.35 and a 1-year high of $55.67. The stock has a market cap of $7,994.02, a PE ratio of 7.94, a P/E/G ratio of 0.68 and a beta of 1.82.
AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.29. AerCap had a net margin of 21.36% and a return on equity of 12.31%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm posted $2.01 earnings per share. AerCap’s quarterly revenue was down 7.7% on a year-over-year basis. research analysts expect that AerCap will post 6.22 EPS for the current fiscal year.
AerCap announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 14th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
A number of hedge funds have recently made changes to their positions in AER. Cerebellum GP LLC purchased a new position in AerCap during the fourth quarter worth about $127,000. Financial Gravity Companies Inc. purchased a new position in AerCap during the fourth quarter worth about $130,000. Icon Wealth Partners LLC purchased a new position in AerCap during the fourth quarter worth about $134,000. We Are One Seven LLC purchased a new position in AerCap during the fourth quarter worth about $188,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in AerCap during the third quarter worth about $208,000. 84.44% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on the stock. Macquarie assumed coverage on shares of AerCap in a research report on Tuesday, March 13th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded shares of AerCap from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Morgan Stanley increased their target price on shares of AerCap from $48.00 to $49.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. Deutsche Bank upped their price objective on shares of AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of AerCap in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. AerCap presently has an average rating of “Buy” and a consensus price target of $58.73.
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AerCap Company Profile
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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