Equities research analysts at Goldman Sachs Group started coverage on shares of AerCap (NYSE:AER) in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage set a “neutral” rating and a $58.00 price target on the financial services provider’s stock. Goldman Sachs Group’s price objective would indicate a potential upside of 23.14% from the stock’s current price.

A number of other research firms have also issued reports on AER. Barclays set a $64.00 target price on AerCap and gave the company a “buy” rating in a report on Friday, December 14th. Zacks Investment Research downgraded AerCap from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, ValuEngine lowered AerCap from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $59.71.

AerCap stock opened at $47.10 on Monday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 3.32. AerCap has a 52-week low of $36.16 and a 52-week high of $58.30. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 5.19 and a beta of 1.87.

AerCap (NYSE:AER) last posted its quarterly earnings results on Thursday, February 14th. The financial services provider reported $1.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.67 by ($0.05). AerCap had a return on equity of 11.55% and a net margin of 21.16%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm earned $1.67 EPS. The business’s revenue was down 3.4% on a year-over-year basis. Equities analysts expect that AerCap will post 6.6 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of AerCap by 2.0% in the 4th quarter. BlackRock Inc. now owns 6,637,569 shares of the financial services provider’s stock valued at $262,848,000 after purchasing an additional 131,917 shares in the last quarter. Lyrical Asset Management LP grew its stake in shares of AerCap by 4.3% during the third quarter. Lyrical Asset Management LP now owns 5,735,389 shares of the financial services provider’s stock worth $329,900,000 after purchasing an additional 238,588 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of AerCap by 4,360.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,332,202 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 2,279,910 shares in the last quarter. Northern Trust Corp grew its stake in shares of AerCap by 7.8% during the fourth quarter. Northern Trust Corp now owns 1,747,558 shares of the financial services provider’s stock worth $69,203,000 after purchasing an additional 126,989 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in AerCap by 11.7% in the fourth quarter. Bank of Montreal Can now owns 1,445,530 shares of the financial services provider’s stock valued at $57,243,000 after buying an additional 151,731 shares during the last quarter. Institutional investors own 85.35% of the company’s stock.

AerCap Company Profile

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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Analyst Recommendations for AerCap (NYSE:AER)

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