Aercap (AER) Given a $62.00 Price Target by Wells Fargo & Company Analysts
A number of other analysts also recently commented on AER. Cowen reiterated a buy rating and set a $55.00 target price on shares of Aercap in a research report on Thursday, October 12th. Zacks Investment Research downgraded Aercap from a buy rating to a hold rating in a research report on Thursday, October 12th. UBS boosted their target price on Aercap from $44.00 to $54.00 and gave the stock a neutral rating in a research report on Thursday, November 9th. Royal Bank of Canada reduced their price objective on Aercap from $77.00 to $74.00 and set an outperform rating on the stock in a research report on Tuesday, November 14th. Finally, Citigroup initiated coverage on Aercap in a research report on Friday, December 8th. They issued a neutral rating and a $57.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Aercap has a consensus rating of Buy and a consensus price target of $57.55.
Shares of Aercap (NYSE:AER) opened at $53.02 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17. The company has a market capitalization of $8,322.70, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 0.72 and a beta of 1.84. Aercap has a 12-month low of $41.34 and a 12-month high of $54.50.
Aercap announced that its Board of Directors has initiated a stock buyback plan on Thursday, November 2nd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.
Large investors have recently modified their holdings of the company. Israel Discount Bank of New York lifted its position in shares of Aercap by 35.2% in the second quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 950 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in Aercap in the third quarter valued at $208,000. Magnetar Financial LLC acquired a new position in Aercap in the third quarter valued at $211,000. Caxton Associates LP acquired a new position in Aercap in the third quarter valued at $225,000. Finally, Raymond James Trust N.A. acquired a new position in Aercap in the second quarter valued at $228,000. Institutional investors and hedge funds own 85.87% of the company’s stock.
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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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