AerCap (AER) to Buyback $200.00 million in Outstanding Stock

AerCap (NYSE:AER) declared that its board has initiated a share buyback program, which allows the company to repurchase $200.00 million in outstanding shares on Wednesday, February 14th, EventVestor reports. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Shares of AerCap (NYSE:AER) opened at $51.96 on Monday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42. AerCap has a twelve month low of $42.35 and a twelve month high of $55.67. The firm has a market cap of $8,210.00, a PE ratio of 7.69, a P/E/G ratio of 0.69 and a beta of 1.79.

AerCap (NYSE:AER) last released its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.29. AerCap had a net margin of 21.36% and a return on equity of 12.33%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the company earned $2.01 EPS. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. analysts expect that AerCap will post 6.28 earnings per share for the current year.

A number of research analysts have recently issued reports on AER shares. Deutsche Bank raised their price target on shares of AerCap from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded shares of AerCap from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. Cowen raised their price target on shares of AerCap from $55.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. UBS Group raised 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. Finally, Citigroup initiated coverage on shares of AerCap in a report on Friday, December 8th. They issued a “neutral” rating and a $57.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $58.27.

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AerCap Company Profile

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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