AerCap (NYSE:AER) has received a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $58.50.
Several analysts have issued reports on AER shares. Macquarie started coverage on AerCap in a research report on Tuesday, March 13th. They set an “outperform” rating on the stock. Morgan Stanley increased their target price on AerCap from $49.00 to $52.00 and gave the company an “underweight” rating in a research report on Thursday, April 12th. Zacks Investment Research raised AerCap from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Royal Bank of Canada reaffirmed a “buy” rating on shares of AerCap in a research report on Thursday, February 15th. Finally, Deutsche Bank increased their target price on AerCap from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 15th.
AER traded down $0.08 during trading on Thursday, hitting $52.70. 747,724 shares of the stock were exchanged, compared to its average volume of 980,611. The company has a market capitalization of $8,327.44, a P/E ratio of 8.33, a PEG ratio of 0.70 and a beta of 1.81. AerCap has a 1 year low of $42.35 and a 1 year high of $55.67. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.29.
AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.67 EPS for the quarter, topping the consensus estimate of $1.38 by $0.29. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. AerCap had a return on equity of 12.31% and a net margin of 21.36%. AerCap’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the business posted $2.01 EPS. equities analysts anticipate that AerCap will post 6.29 earnings per share for the current year.
AerCap announced that its board has authorized a share buyback program on Wednesday, February 14th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several institutional investors have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of AerCap by 286.0% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 104,600 shares of the financial services provider’s stock worth $5,503,000 after purchasing an additional 77,500 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of AerCap in the 4th quarter worth $1,211,000. We Are One Seven LLC acquired a new stake in shares of AerCap in the 4th quarter worth $188,000. Segall Bryant & Hamill LLC acquired a new stake in shares of AerCap in the 4th quarter worth $231,000. Finally, Jane Street Group LLC boosted its position in shares of AerCap by 248.0% in the 4th quarter. Jane Street Group LLC now owns 26,101 shares of the financial services provider’s stock worth $1,373,000 after purchasing an additional 18,601 shares in the last quarter. 84.51% of the stock is owned by hedge funds and other institutional investors.
AerCap Company Profile
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
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