AerCap Holdings NV (AER) Rating Reiterated by FBR & Co
AerCap Holdings NV (NYSE:AER)‘s stock had its “hold” rating restated by equities research analysts at FBR & Co in a research note issued to investors on Monday. They presently have a $40.00 target price on the stock. FBR & Co’s target price points to a potential upside of 6.02% from the stock’s current price.
AER has been the topic of several other reports. DA Davidson restated a “buy” rating on shares of AerCap Holdings NV in a research report on Monday, August 15th. Royal Bank Of Canada raised their price target on shares of AerCap Holdings NV from $72.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. RBC Capital Markets restated an “outperform” rating and issued a $74.00 price target (up from $72.00) on shares of AerCap Holdings NV in a research report on Friday, August 12th. Finally, Zacks Investment Research lowered shares of AerCap Holdings NV from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $54.14.
Shares of AerCap Holdings NV (NYSE:AER) opened at 37.73 on Monday. The stock has a market capitalization of $6.96 billion, a PE ratio of 7.31 and a beta of 1.69. The company’s 50-day moving average is $38.86 and its 200-day moving average is $38.05. AerCap Holdings NV has a 12 month low of $24.61 and a 12 month high of $46.32.
AerCap Holdings NV (NYSE:AER) last posted its earnings results on Tuesday, August 9th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.05. AerCap Holdings NV had a net margin of 19.44% and a return on equity of 14.40%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business posted $1.73 EPS. AerCap Holdings NV’s revenue was down 7.3% compared to the same quarter last year. Equities research analysts expect that AerCap Holdings NV will post $5.86 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in AER. Bank of Montreal Can purchased a new position in shares of AerCap Holdings NV during the second quarter valued at about $99,937,000. Norges Bank purchased a new position in shares of AerCap Holdings NV during the fourth quarter valued at about $63,613,000. State Street Corp increased its position in shares of AerCap Holdings NV by 76.5% in the second quarter. State Street Corp now owns 3,258,530 shares of the company’s stock valued at $109,460,000 after buying an additional 1,412,365 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of AerCap Holdings NV by 96.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,571,820 shares of the company’s stock valued at $86,387,000 after buying an additional 1,263,525 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of AerCap Holdings NV by 81.7% in the second quarter. BlackRock Fund Advisors now owns 1,646,012 shares of the company’s stock valued at $55,290,000 after buying an additional 740,260 shares in the last quarter. 88.77% of the stock is owned by hedge funds and other institutional investors.
About AerCap Holdings NV
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. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.
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