AerCap Holdings (NYSE:AER – Get Rating) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $69.00.
A number of analysts have weighed in on AER shares. Susquehanna Bancshares cut their price target on AerCap from $75.00 to $70.00 in a research note on Wednesday, May 18th. StockNews.com upgraded AerCap from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Credit Suisse Group lifted their target price on AerCap from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday. HSBC cut their target price on AerCap from $69.50 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. Finally, Susquehanna cut their target price on AerCap from $75.00 to $70.00 in a research report on Wednesday, May 18th.
Hedge Funds Weigh In On AerCap
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bridgewater Associates LP grew its holdings in shares of AerCap by 2.1% during the fourth quarter. Bridgewater Associates LP now owns 9,112 shares of the financial services provider’s stock worth $596,000 after buying an additional 184 shares during the last quarter. OneAscent Wealth Management LLC grew its holdings in shares of AerCap by 4.8% during the fourth quarter. OneAscent Wealth Management LLC now owns 4,796 shares of the financial services provider’s stock worth $314,000 after buying an additional 218 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of AerCap by 8.5% during the second quarter. Prospera Financial Services Inc now owns 3,203 shares of the financial services provider’s stock worth $131,000 after buying an additional 250 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in AerCap by 71.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 848 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 352 shares in the last quarter. Finally, Capital Asset Advisory Services LLC boosted its holdings in AerCap by 1.9% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 20,741 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 96.32% of the company’s stock.
AerCap Stock Up 0.2 %
AerCap (NYSE:AER – Get Rating) last posted its quarterly earnings results on Thursday, August 11th. The financial services provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.46. AerCap had a positive return on equity of 12.31% and a negative net margin of 17.91%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the firm earned $2.39 earnings per share. AerCap’s quarterly revenue was up 27.0% on a year-over-year basis. As a group, equities analysts predict that AerCap will post 6.7 EPS for the current fiscal year.
AerCap Company Profile
AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.
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