Aercap Holdings N.V. (NYSE:AER) had its price objective lifted by Cowen and Company from $55.00 to $58.00 in a research note issued on Friday, November 3rd, Marketbeat Ratings reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Cowen and Company’s price objective points to a potential upside of 14.60% from the company’s current price.
Several other brokerages have also issued reports on AER. BidaskClub lowered Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 15th. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price target on shares of Aercap Holdings N.V. in a report on Friday, August 4th. Zacks Investment Research upgraded Aercap Holdings N.V. from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Tuesday, August 15th. Barclays PLC began coverage on Aercap Holdings N.V. in a report on Monday, July 10th. They set an “overweight” rating and a $61.00 price target for the company. Finally, Credit Suisse Group restated a “buy” rating and issued a $56.00 target price on shares of Aercap Holdings N.V. in a report on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $57.10.
Shares of Aercap Holdings N.V. (NYSE AER) traded down $1.06 during midday trading on Friday, hitting $50.61. 1,957,200 shares of the company were exchanged, compared to its average volume of 1,240,113. The company has a market capitalization of $8,164.68, a PE ratio of 7.54, a P/E/G ratio of 0.69 and a beta of 1.87. Aercap Holdings N.V. has a fifty-two week low of $41.34 and a fifty-two week high of $54.50. 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 Holdings N.V. (NYSE:AER) last released its earnings results on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.15. Aercap Holdings N.V. had a return on equity of 13.84% and a net margin of 22.84%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the business posted $1.22 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. analysts expect that Aercap Holdings N.V. will post 6.26 EPS for the current year.
Aercap Holdings N.V. announced that its board has initiated a share repurchase plan on Thursday, August 3rd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its position in shares of Aercap Holdings N.V. by 5.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,976 shares of the financial services provider’s stock valued at $974,000 after purchasing an additional 1,016 shares during the period. Vivaldi Asset Management LLC bought a new stake in Aercap Holdings N.V. in the second quarter valued at $6,896,000. AJO LP grew its position in Aercap Holdings N.V. by 46.8% in the second quarter. AJO LP now owns 1,030,970 shares of the financial services provider’s stock valued at $47,868,000 after acquiring an additional 328,529 shares during the period. Prudential Financial Inc. grew its position in Aercap Holdings N.V. by 0.7% in the first quarter. Prudential Financial Inc. now owns 16,661 shares of the financial services provider’s stock valued at $766,000 after acquiring an additional 108 shares during the period. Finally, Comerica Bank grew its position in Aercap Holdings N.V. by 9.2% in the second quarter. Comerica Bank now owns 110,447 shares of the financial services provider’s stock valued at $5,456,000 after acquiring an additional 9,329 shares during the period. Institutional investors and hedge funds own 91.44% of the company’s stock.
Aercap Holdings N.V. 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.
Receive News & Ratings for Aercap Holdings N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aercap Holdings N.V. and related companies with MarketBeat.com's FREE daily email newsletter.