BidaskClub Downgrades Aercap Holdings N.V. (NYSE:AER) to Buy
Aercap Holdings N.V. (NYSE:AER) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.
Several other brokerages have also issued reports on AER. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price objective on shares of Aercap Holdings N.V. in a report on Friday, August 4th. Zacks Investment Research upgraded Aercap Holdings N.V. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Cowen and Company reiterated a “buy” rating and set a $54.00 price objective on shares of Aercap Holdings N.V. in a report on Tuesday, July 11th. Morgan Stanley cut their price objective on Aercap Holdings N.V. from $48.00 to $44.00 in a report on Tuesday, July 4th. Finally, Barclays PLC assumed coverage on Aercap Holdings N.V. in a report on Monday, July 10th. They set an “overweight” rating and a $61.00 price objective for the company. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $57.80.
Shares of Aercap Holdings N.V. (AER) opened at 48.63 on Tuesday. Aercap Holdings N.V. has a 52 week low of $36.38 and a 52 week high of $50.79. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 7.67 and a beta of 1.87. The firm’s 50-day moving average price is $48.27 and its 200 day moving average price is $45.96.
Aercap Holdings N.V. (NYSE:AER) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.29. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company earned $1.22 earnings per share. Aercap Holdings N.V.’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Aercap Holdings N.V. will post $6.06 EPS for the current year.
Aercap Holdings N.V. declared that its board has authorized a stock buyback plan on Tuesday, May 9th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
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In other Aercap Holdings N.V. news, CEO Aengus Kelly sold 100,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $49.87, for a total transaction of $4,987,000.00. Following the transaction, the chief executive officer now directly owns 2,231,875 shares in the company, valued at $111,303,606.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael Gradon sold 742 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $50.16, for a total value of $37,218.72. Following the transaction, the director now owns 3,380 shares in the company, valued at $169,540.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 150,742 shares of company stock worth $7,223,719.
Institutional investors have recently bought and sold shares of the stock. Financial Architects Inc raised its position in Aercap Holdings N.V. by 97.0% in the first quarter. Financial Architects Inc now owns 2,484 shares of the financial services provider’s stock valued at $114,000 after buying an additional 1,223 shares during the period. Israel Discount Bank of New York bought a new position in Aercap Holdings N.V. during the first quarter valued at $124,000. Huntington National Bank raised its position in Aercap Holdings N.V. by 4.8% in the second quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock valued at $138,000 after buying an additional 136 shares during the period. James Investment Research Inc. bought a new position in Aercap Holdings N.V. during the first quarter valued at $146,000. Finally, Atria Investments LLC bought a new position in Aercap Holdings N.V. during the second quarter valued at $211,000. Institutional investors own 89.88% of the company’s stock.
Aercap Holdings N.V. 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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