Aercap Holdings N.V. (AER) Given Average Rating of “Buy” by Brokerages
Shares of Aercap Holdings N.V. (NYSE:AER) have been assigned a consensus recommendation of “Buy” from the fourteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $57.80.
Several analysts recently weighed in on the company. ValuEngine downgraded Aercap Holdings N.V. from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Aercap Holdings N.V. from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded Aercap Holdings N.V. from a “hold” rating to a “buy” rating in a report on Friday, June 30th. FBR & Co restated an “outperform” rating and issued a $53.00 price objective on shares of Aercap Holdings N.V. in a report on Monday, April 17th. Finally, Barclays PLC assumed coverage on Aercap Holdings N.V. in a report on Monday, July 10th. They issued an “overweight” rating and a $61.00 price objective for the company.
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In other Aercap Holdings N.V. news, COO Dikken Wouter Marinus Den sold 50,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $43.99, for a total value of $2,199,500.00. Following the completion of the transaction, the chief operating officer now directly owns 205,808 shares in the company, valued at $9,053,493.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Gradon sold 742 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $50.16, for a total transaction of $37,218.72. Following the completion of the transaction, the director now owns 3,380 shares of the company’s stock, valued at $169,540.80. The disclosure for this sale can be found here. Insiders sold 150,742 shares of company stock valued at $7,223,719 over the last quarter.
A number of institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. increased its position in shares of Aercap Holdings N.V. by 0.7% in the first quarter. Prudential Financial Inc. now owns 16,661 shares of the financial services provider’s stock worth $766,000 after buying an additional 108 shares in the last quarter. Parametrica Management Ltd purchased a new position in shares of Aercap Holdings N.V. during the first quarter worth approximately $225,000. Comerica Bank increased its position in shares of Aercap Holdings N.V. by 1,497.7% in the first quarter. Comerica Bank now owns 101,118 shares of the financial services provider’s stock worth $4,612,000 after buying an additional 94,789 shares in the last quarter. KBC Group NV increased its position in shares of Aercap Holdings N.V. by 9.8% in the first quarter. KBC Group NV now owns 457,671 shares of the financial services provider’s stock worth $21,039,000 after buying an additional 40,743 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new position in shares of Aercap Holdings N.V. during the first quarter worth approximately $271,000. Institutional investors and hedge funds own 86.90% of the company’s stock.
Aercap Holdings N.V. (NYSE:AER) traded down 1.29% during mid-day trading on Friday, hitting $48.33. 1,333,771 shares of the stock were exchanged. Aercap Holdings N.V. has a 52-week low of $36.38 and a 52-week high of $50.79. The stock has a market cap of $7.76 billion, a price-to-earnings ratio of 7.62 and a beta of 1.87. The stock has a 50 day moving average of $48.18 and a 200-day moving average of $45.89.
Aercap Holdings N.V. (NYSE:AER) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.29. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 earnings per share. Equities analysts predict that Aercap Holdings N.V. will post $6.07 EPS for the current fiscal year.
Aercap Holdings N.V. declared that its Board of Directors has approved a share buyback program on Tuesday, May 9th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
About Aercap Holdings N.V.
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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