AerCap (NYSE:AER – Get Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.
Several other brokerages have also recently issued reports on AER. JPMorgan Chase & Co. raised their target price on shares of AerCap from $183.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Barclays upped their price target on shares of AerCap from $179.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Citigroup increased their price target on AerCap from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Susquehanna lifted their price objective on AerCap from $170.00 to $176.00 and gave the company a “positive” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings raised AerCap from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, AerCap currently has an average rating of “Buy” and an average price target of $185.88.
View Our Latest Stock Analysis on AerCap
AerCap Stock Performance
AER opened at $162.26 on Monday. AerCap has a 12-month low of $129.69 and a 12-month high of $165.19. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $27.08 billion, a PE ratio of 8.32, a P/E/G ratio of 0.57 and a beta of 0.99. The firm has a 50 day moving average of $146.35 and a two-hundred day moving average of $144.80.
AerCap (NYSE:AER – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $6.56 EPS for the quarter, beating the consensus estimate of $4.56 by $2.00. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.15 billion. AerCap had a net margin of 34.47% and a return on equity of 18.26%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.97 EPS. On average, analysts anticipate that AerCap will post 21.47 EPS for the current year.
Hedge Funds Weigh In On AerCap
Large investors have recently made changes to their positions in the company. Donald Smith & CO. Inc. acquired a new stake in AerCap during the second quarter valued at $424,585,000. Ninety One UK Ltd increased its holdings in AerCap by 12.0% in the third quarter. Ninety One UK Ltd now owns 2,275,507 shares of the financial services provider’s stock valued at $326,581,000 after buying an additional 243,488 shares in the last quarter. SEB Asset Management AB acquired a new position in shares of AerCap in the first quarter worth about $21,373,000. Sei Investments Co. raised its position in shares of AerCap by 23.2% in the first quarter. Sei Investments Co. now owns 769,611 shares of the financial services provider’s stock worth $105,575,000 after acquiring an additional 144,857 shares during the period. Finally, Swiss National Bank raised its position in shares of AerCap by 20.4% in the first quarter. Swiss National Bank now owns 579,800 shares of the financial services provider’s stock worth $79,537,000 after acquiring an additional 98,200 shares during the period. 96.42% of the stock is currently owned by institutional investors and hedge funds.
About AerCap
AerCap Holdings N.V. is a global aviation leasing company headquartered in Dublin, Ireland, and listed on the New York Stock Exchange under the symbol AER. Through its subsidiaries, AerCap owns, manages and leases commercial aircraft, engines and helicopters to airlines and other aviation customers worldwide.
The company provides operating leases, finance leases, aircraft trading and asset management services. Its fleet portfolio includes aircraft from major manufacturers such as Airbus and Boeing, as well as engines and helicopters.
Featured Articles
- Five stocks we like better than AerCap
- Shopify’s Small Q3 Miss Triggered a Big Sell-Off: What’s Next?
- Can Oil’s Big Rally Deliver Reliable Income? 3 Energy Plays to Watch
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
Receive News & Ratings for AerCap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AerCap and related companies with MarketBeat.com's FREE daily email newsletter.
