AerCap (NYSE:AER) had its price target boosted by Citigroup from $53.00 to $55.00 in a research report sent to investors on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
A number of other research firms have also recently commented on AER. Goldman Sachs Group started coverage on shares of AerCap in a research report on Monday, April 8th. They issued a neutral rating and a $58.00 target price on the stock. Zacks Investment Research raised shares of AerCap from a hold rating to a buy rating and set a $52.00 target price on the stock in a research report on Monday, January 14th. ValuEngine cut shares of AerCap from a hold rating to a sell rating in a research report on Tuesday, March 5th. Finally, Barclays set a $64.00 price target on shares of AerCap and gave the stock a buy rating in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $59.13.
NYSE AER opened at $49.41 on Wednesday. AerCap has a 12 month low of $36.16 and a 12 month high of $58.30. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 5.24 and a beta of 1.87.
AerCap (NYSE:AER) last posted its earnings results on Thursday, February 14th. The financial services provider reported $1.62 EPS for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($0.05). AerCap had a net margin of 21.16% and a return on equity of 11.55%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $1.67 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, analysts predict that AerCap will post 6.59 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of AER. Riverview Trust Co acquired a new stake in shares of AerCap during the fourth quarter worth about $29,000. Penserra Capital Management LLC purchased a new stake in shares of AerCap during the fourth quarter worth approximately $30,000. Liberty Wealth Management LLC purchased a new stake in shares of AerCap during the fourth quarter worth approximately $30,000. Oregon Public Employees Retirement Fund increased its stake in shares of AerCap by 4,360.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,202 shares of the financial services provider’s stock worth $59,000 after buying an additional 2,279,910 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of AerCap by 56.4% during the fourth quarter. Advisors Asset Management Inc. now owns 1,645 shares of the financial services provider’s stock worth $65,000 after buying an additional 593 shares during the period. 85.30% of the stock is currently owned by institutional investors and hedge funds.
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 China, the United States, Ireland, and internationally. The company offers 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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