AerCap (AER) Earning Somewhat Favorable Press Coverage, Analysis Shows
Media stories about AerCap (NYSE:AER) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AerCap earned a coverage optimism score of 0.23 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 47.2495952656443 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- AerCap Holdings NV. (NYSE:AER): What Can We Expect In The Future? (finance.yahoo.com)
- AerCap (AER) Upgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- First Week of October 19th Options Trading For Aercap Holdings (AER) (nasdaq.com)
- AerCap (AER) Price Target Raised to $49.00 at Morgan Stanley (americanbankingnews.com)
- Mohnish Pabrai Is Sticking To These Stocks and It’s Working Out Great (finance.yahoo.com)
AER has been the subject of a number of research analyst reports. Zacks Investment Research upgraded AerCap from a “sell” rating to a “hold” rating in a research note on Monday, November 6th. Royal Bank of Canada decreased their price target on AerCap from $77.00 to $74.00 and set an “outperform” rating for the company in a research note on Tuesday, November 14th. Wells Fargo & Co set a $62.00 price target on AerCap and gave the company a “buy” rating in a research note on Friday, December 15th. Cowen increased their price target on AerCap from $55.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, Citigroup initiated coverage on AerCap in a research note on Friday, December 8th. They issued a “neutral” rating and a $57.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $58.73.
AerCap (NYSE:AER) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.29. AerCap had a return on equity of 12.33% and a net margin of 21.36%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the business posted $2.01 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. research analysts expect that AerCap will post 6.22 EPS for the current fiscal year.
AerCap declared that its Board of Directors has initiated a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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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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