AerCap (NYSE:AER) had its target price upped by Morgan Stanley from $49.00 to $52.00 in a research report report published on Thursday. They currently have an underweight rating on the financial services provider’s stock.
Other equities research analysts have also recently issued research reports about the company. Deutsche Bank boosted their target price on AerCap from $65.00 to $68.00 and gave the stock a buy rating in a research note on Thursday, February 15th. Zacks Investment Research cut AerCap from a hold rating to a sell rating in a research note on Monday, February 5th. Royal Bank of Canada restated a buy rating on shares of AerCap in a research note on Thursday, February 15th. Macquarie began coverage on AerCap in a research note on Tuesday, March 13th. They set an outperform rating for the company. Finally, Wells Fargo set a $62.00 target price on AerCap and gave the stock a buy rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. AerCap has an average rating of Buy and an average price target of $59.00.
AER stock traded up $0.10 during trading on Thursday, hitting $51.96. 264,970 shares of the company’s stock were exchanged, compared to its average volume of 1,347,459. The stock has a market cap of $8,163.10, a price-to-earnings ratio of 8.19, a PEG ratio of 0.69 and a beta of 1.81. AerCap has a 52-week low of $42.35 and a 52-week high of $55.67. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 3.29.
AerCap (NYSE:AER) last posted its earnings results on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.29. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. AerCap had a return on equity of 12.31% and a net margin of 21.36%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.01 earnings per share. sell-side analysts anticipate that AerCap will post 6.22 EPS for the current year.
AerCap declared that its board has approved a stock repurchase program on Wednesday, February 14th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AER. Ameriprise Financial Inc. increased its position in AerCap by 2.1% during the third quarter. Ameriprise Financial Inc. now owns 115,122 shares of the financial services provider’s stock worth $5,876,000 after buying an additional 2,406 shares during the period. American International Group Inc. increased its position in AerCap by 6.5% during the third quarter. American International Group Inc. now owns 17,246 shares of the financial services provider’s stock worth $881,000 after buying an additional 1,047 shares during the period. Schwab Charles Investment Management Inc. increased its position in AerCap by 8.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 64,514 shares of the financial services provider’s stock worth $3,298,000 after buying an additional 4,802 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in AerCap by 197.8% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 27,100 shares of the financial services provider’s stock worth $1,385,000 after buying an additional 18,000 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in AerCap by 5,343.8% during the third quarter. Asset Management One Co. Ltd. now owns 228,423 shares of the financial services provider’s stock worth $11,674,000 after buying an additional 224,227 shares during the period. 84.45% of the stock is currently owned by institutional investors.
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AerCap Company Profile
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.
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