Aercap (NYSE:AER) Stock Price Expected to Rise, Bank of America Analyst Says

Aercap (NYSE:AER) had its price objective upped by equities researchers at Bank of America from $130.00 to $150.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Bank of America‘s target price suggests a potential upside of 14.58% from the company’s previous close.

A number of other brokerages also recently issued reports on AER. TD Cowen raised their price target on Aercap from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Zacks Research upgraded shares of Aercap from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. Susquehanna increased their price objective on shares of Aercap from $130.00 to $134.00 and gave the stock a “positive” rating in a research report on Wednesday, August 13th. Morgan Stanley boosted their target price on Aercap from $111.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. Finally, Barclays increased their price target on Aercap from $132.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $133.00.

Aercap Price Performance

Shares of NYSE AER traded down $0.09 during mid-day trading on Tuesday, hitting $130.91. 575,396 shares of the company’s stock traded hands, compared to its average volume of 1,479,917. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.44 and a quick ratio of 0.44. Aercap has a 1 year low of $85.57 and a 1 year high of $132.43. The company’s 50-day moving average is $122.86 and its two-hundred day moving average is $115.95. The company has a market capitalization of $24.45 billion, a P/E ratio of 6.21, a PEG ratio of 2.50 and a beta of 1.40.

Aercap (NYSE:AER) last issued its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate of $3.16 by $1.81. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2 billion. Aercap had a return on equity of 15.31% and a net margin of 45.41%.The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.41 earnings per share. Aercap has set its FY 2025 guidance at 13.700-13.700 EPS. On average, equities analysts anticipate that Aercap will post 11.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. purchased a new position in Aercap during the third quarter valued at approximately $26,000. Quarry LP purchased a new position in shares of Aercap in the 1st quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd acquired a new stake in Aercap in the second quarter valued at approximately $43,000. Geneos Wealth Management Inc. grew its holdings in Aercap by 26.6% in the first quarter. Geneos Wealth Management Inc. now owns 447 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 94 shares during the last quarter. Finally, Whittier Trust Co. acquired a new position in shares of Aercap during the second quarter worth $53,000. Hedge funds and other institutional investors own 96.42% of the company’s stock.

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.