Aercap Holdings N.V. (NYSE:AER) has been assigned an average rating of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $57.44.
Several research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price objective on Aercap Holdings N.V. from $77.00 to $74.00 and set an “outperform” rating for the company in a research report on Tuesday, November 14th. UBS AG upped their price objective on Aercap Holdings N.V. from $44.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. Zacks Investment Research raised Aercap Holdings N.V. from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Cowen and Company upped their price objective on Aercap Holdings N.V. from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Finally, BidaskClub cut Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th.
Shares of Aercap Holdings N.V. (NYSE AER) traded up $0.29 during midday trading on Friday, reaching $50.48. The company’s stock had a trading volume of 843,627 shares, compared to its average volume of 1,072,484. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17. Aercap Holdings N.V. has a 12 month low of $41.34 and a 12 month high of $54.50. The stock has a market cap of $7,976.64, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 0.67 and a beta of 1.87.
Aercap Holdings N.V. (NYSE:AER) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.15. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Aercap Holdings N.V. had a return on equity of 13.84% and a net margin of 22.84%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 EPS. analysts anticipate that Aercap Holdings N.V. will post 6.27 EPS for the current year.
Aercap Holdings N.V. announced that its Board of Directors has initiated a share repurchase plan on Thursday, August 3rd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
Several hedge funds and other institutional investors have recently made changes to their positions in AER. Prudential Financial Inc. boosted its position in shares of Aercap Holdings N.V. by 0.7% in the 1st quarter. Prudential Financial Inc. now owns 16,661 shares of the financial services provider’s stock valued at $766,000 after purchasing an additional 108 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Aercap Holdings N.V. by 3.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 77,033 shares of the financial services provider’s stock valued at $3,542,000 after purchasing an additional 2,560 shares during the period. OLD National Bancorp IN boosted its position in shares of Aercap Holdings N.V. by 4.1% in the 2nd quarter. OLD National Bancorp IN now owns 5,904 shares of the financial services provider’s stock valued at $274,000 after purchasing an additional 234 shares during the period. Aperio Group LLC boosted its position in shares of Aercap Holdings N.V. by 18.3% in the 2nd quarter. Aperio Group LLC now owns 193,881 shares of the financial services provider’s stock valued at $9,002,000 after purchasing an additional 29,938 shares during the period. Finally, US Bancorp DE boosted its position in shares of Aercap Holdings N.V. by 10.6% in the 2nd quarter. US Bancorp DE now owns 75,134 shares of the financial services provider’s stock valued at $3,489,000 after purchasing an additional 7,207 shares during the period. 90.72% of the stock is owned by hedge funds and other institutional investors.
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About Aercap Holdings N.V.
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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