Zacks Investment Research downgraded shares of AerCap (NYSE:AER) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “AERCAP HOLDINGS is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales.They also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. “

A number of other brokerages have also issued reports on AER. Cowen reissued a buy rating and set a $55.00 target price on shares of AerCap in a research note on Thursday, October 12th. UBS Group boosted their target price on shares of AerCap from $44.00 to $54.00 and gave the company a neutral rating in a research note on Thursday, November 9th. Citigroup started coverage on shares of AerCap in a research note on Friday, December 8th. They set a neutral rating and a $57.00 target price for the company. Royal Bank of Canada lowered their target price on shares of AerCap from $77.00 to $74.00 and set an outperform rating for the company in a research note on Tuesday, November 14th. Finally, Wells Fargo & Co set a $62.00 target price on shares of AerCap and gave the company a buy rating in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $57.30.

Shares of AerCap (NYSE AER) opened at $53.27 on Tuesday. The stock has a market cap of $8,324.28, a price-to-earnings ratio of 7.86, a PEG ratio of 0.71 and a beta of 1.85. AerCap has a one year low of $41.54 and a one year high of $54.50. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.42 and a current ratio of 0.42.

AerCap (NYSE:AER) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $1.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.15. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. AerCap had a net margin of 22.84% and a return on equity of 13.84%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 earnings per share. sell-side analysts predict that AerCap will post 6.14 EPS for the current fiscal year.

AerCap announced that its board has authorized a share buyback program on Thursday, November 2nd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Large investors have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in AerCap by 197.8% in 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 acquiring an additional 18,000 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in AerCap by 5.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 20,976 shares of the financial services provider’s stock worth $974,000 after acquiring an additional 1,016 shares during the period. AJO LP lifted its stake in AerCap by 46.8% in the second quarter. AJO LP now owns 1,030,970 shares of the financial services provider’s stock worth $47,868,000 after acquiring an additional 328,529 shares during the period. BNP Paribas Arbitrage SA lifted its stake in AerCap by 68.3% in the third quarter. BNP Paribas Arbitrage SA now owns 119,398 shares of the financial services provider’s stock worth $6,102,000 after acquiring an additional 48,448 shares during the period. Finally, First Trust Advisors LP purchased a new stake in AerCap in the third quarter worth about $555,000. 85.72% of the stock is owned by institutional investors.

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About AerCap

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.

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