AerCap Holdings (AER) Upgraded to “Strong-Buy” by ValuEngine
AerCap Holdings (NYSE:AER) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.
Several other analysts have also weighed in on the company. FBR & Co reissued an “outperform” rating and issued a $53.00 target price on shares of AerCap Holdings in a report on Monday, April 17th. Morgan Stanley lowered AerCap Holdings from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $48.00 to $44.00 in a report on Thursday, April 6th. Royal Bank of Canada reissued a “buy” rating and issued a $73.00 target price on shares of AerCap Holdings in a report on Friday, April 21st. Zacks Investment Research raised AerCap Holdings from a “sell” rating to a “hold” rating in a report on Thursday, February 23rd. Finally, Citigroup Inc reissued a “buy” rating and issued a $57.00 target price (up previously from $54.00) on shares of AerCap Holdings in a report on Monday. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $55.44.
Shares of AerCap Holdings (NYSE:AER) traded up 2.72% during midday trading on Friday, hitting $44.63. 1,305,047 shares of the stock were exchanged. AerCap Holdings has a one year low of $31.45 and a one year high of $49.66. The firm has a 50 day moving average of $44.86 and a 200-day moving average of $44.21. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 7.58 and a beta of 1.59.
AerCap Holdings (NYSE:AER) last posted its earnings results on Tuesday, May 9th. The financial services provider reported $1.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by $0.07. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.19 billion. AerCap Holdings had a net margin of 18.48% and a return on equity of 14.06%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the company posted $1.53 EPS. Equities analysts expect that AerCap Holdings will post $5.81 EPS for the current year.
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In related news, Director James N. Chapman sold 4,000 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $44.58, for a total transaction of $178,320.00. Following the sale, the director now owns 11,261 shares of the company’s stock, valued at $502,015.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Dikken Wouter Marinus Den sold 75,000 shares of the stock in a transaction on Monday, March 13th. The shares were sold at an average price of $44.95, for a total value of $3,371,250.00. Following the sale, the chief operating officer now directly owns 203,419 shares in the company, valued at approximately $9,143,684.05. The disclosure for this sale can be found here.
Hedge funds have recently bought and sold shares of the stock. Financial Architects Inc raised its stake in AerCap Holdings by 97.0% in the first quarter. Financial Architects Inc now owns 2,484 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,223 shares during the last quarter. Israel Discount Bank of New York bought a new stake in AerCap Holdings during the first quarter worth approximately $124,000. James Investment Research Inc. acquired a new stake in shares of AerCap Holdings during the first quarter worth about $146,000. Integrated Investment Consultants LLC raised its stake in shares of AerCap Holdings by 33.3% in the first quarter. Integrated Investment Consultants LLC now owns 3,345 shares of the financial services provider’s stock worth $154,000 after buying an additional 835 shares during the last quarter. Finally, Greenleaf Trust acquired a new stake in shares of AerCap Holdings during the first quarter worth about $216,000. 89.40% of the stock is currently owned by institutional investors and hedge funds.
AerCap Holdings Company Profile
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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