Shares of AerCap Holdings (NYSE:AER) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $58.00.
Several equities analysts have issued reports on the company. Zacks Investment Research raised AerCap from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Monday. ValuEngine raised AerCap from a “sell” rating to a “hold” rating in a research report on Friday, March 29th. Goldman Sachs Group assumed coverage on AerCap in a research report on Monday, April 8th. They set a “neutral” rating and a $58.00 target price on the stock. Finally, Citigroup upped their target price on AerCap from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th.
Several large investors have recently modified their holdings of AER. Advisors Asset Management Inc. raised its position in shares of AerCap by 56.4% during the fourth quarter. Advisors Asset Management Inc. now owns 1,645 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 593 shares during the period. TD Asset Management Inc. raised its position in shares of AerCap by 2.8% during the fourth quarter. TD Asset Management Inc. now owns 36,798 shares of the financial services provider’s stock worth $1,457,000 after purchasing an additional 1,000 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of AerCap by 4,360.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,202 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 2,279,910 shares during the period. WINTON GROUP Ltd grew its holdings in AerCap by 126.1% during the fourth quarter. WINTON GROUP Ltd now owns 13,890 shares of the financial services provider’s stock worth $550,000 after buying an additional 7,747 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in AerCap by 52.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 529,403 shares of the financial services provider’s stock worth $20,963,000 after buying an additional 182,998 shares in the last quarter. 81.27% of the stock is currently owned by institutional investors.
AER traded down $0.03 during trading on Tuesday, hitting $50.27. The company’s stock had a trading volume of 454,175 shares, compared to its average volume of 1,222,336. AerCap has a twelve month low of $36.16 and a twelve month high of $58.30. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.64 and a quick ratio of 0.64. The business’s fifty day simple moving average is $48.60. The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 7.36 and a beta of 1.81.
AerCap (NYSE:AER) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.08. AerCap had a return on equity of 11.09% and a net margin of 20.57%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the previous year, the firm earned $1.72 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. Equities analysts predict that AerCap will post 6.76 earnings per share for the current fiscal year.
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 China, the United States, Ireland, and internationally. The company offers 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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