AerCap (NYSE:AER) Price Target Raised to $100.00

AerCap (NYSE:AER) had its target price upped by research analysts at TD Cowen from $95.00 to $100.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. TD Cowen’s target price indicates a potential upside of 15.13% from the company’s previous close.

A number of other analysts have also recently weighed in on AER. Susquehanna increased their price target on shares of AerCap from $90.00 to $100.00 and gave the stock a “positive” rating in a research note on Thursday. Barclays increased their price target on shares of AerCap from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, BMO Capital Markets decreased their price target on shares of AerCap from $103.00 to $101.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $91.43.

AerCap Price Performance

NYSE AER traded up $1.34 during trading hours on Thursday, hitting $86.86. 942,805 shares of the company’s stock traded hands, compared to its average volume of 1,573,884. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $17.19 billion, a PE ratio of 6.16, a PEG ratio of 2.74 and a beta of 1.84. The firm’s 50-day moving average is $83.58 and its 200-day moving average is $75.27. AerCap has a 52-week low of $53.42 and a 52-week high of $88.54.

AerCap (NYSE:AER) last released its earnings results on Wednesday, May 1st. The financial services provider reported $3.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.98. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.95 billion. AerCap had a net margin of 41.37% and a return on equity of 14.92%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.34 EPS. Equities analysts forecast that AerCap will post 9.7 EPS for the current fiscal year.

Institutional Trading of AerCap

Several institutional investors have recently modified their holdings of the company. Trust Co. of Vermont acquired a new position in shares of AerCap during the fourth quarter worth approximately $27,000. Optiver Holding B.V. acquired a new position in AerCap during the 3rd quarter worth $32,000. Assetmark Inc. bought a new position in AerCap in the 4th quarter valued at $42,000. Allworth Financial LP increased its stake in shares of AerCap by 2,460.0% in the 3rd quarter. Allworth Financial LP now owns 768 shares of the financial services provider’s stock valued at $48,000 after buying an additional 738 shares during the period. Finally, CVA Family Office LLC acquired a new position in shares of AerCap during the first quarter valued at $52,000. Institutional investors and hedge funds own 96.42% of the company’s stock.

About AerCap

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