AerCap (NYSE:AER) will be announcing its earnings results before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $1.45 per share for the quarter.
AerCap (NYSE AER) opened at $51.85 on Tuesday. The stock has a market cap of $8,190.00, a PE ratio of 7.67, a P/E/G ratio of 0.67 and a beta of 1.79. 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 has a 52-week low of $42.35 and a 52-week high of $55.67.
AerCap declared that its Board of Directors has initiated a stock buyback program on Thursday, November 2nd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
Several research analysts recently issued reports on AER shares. Citigroup started coverage on shares of AerCap in a research report on Friday, December 8th. They set a “neutral” rating and a $57.00 price target on the stock. Wells Fargo & Co set a $62.00 price target on shares of AerCap and gave the stock a “buy” rating in a research report on Friday, December 15th. Zacks Investment Research upgraded shares of AerCap from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Royal Bank of Canada reduced their price target on shares of AerCap from $77.00 to $74.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. Finally, UBS Group upped their price target on shares of AerCap from $44.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. AerCap has a consensus rating of “Buy” and a consensus target price of $57.30.
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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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