Cowen and Company Raises Aercap Holdings N.V. (AER) Price Target to $58.00
Aercap Holdings N.V. (NYSE:AER) had its price objective lifted by Cowen and Company from $55.00 to $58.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. They currently have an outperform rating on the financial services provider’s stock.
A number of other brokerages have also commented on AER. Zacks Investment Research lowered Aercap Holdings N.V. from a buy rating to a hold rating in a research report on Thursday, October 12th. BidaskClub raised Aercap Holdings N.V. from a buy rating to a strong-buy rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a buy rating and issued a $77.00 target price on shares of Aercap Holdings N.V. in a research report on Friday, August 4th. Barclays PLC began coverage on Aercap Holdings N.V. in a research report on Monday, July 10th. They issued an overweight rating and a $61.00 target price for the company. Finally, Credit Suisse Group reaffirmed a buy rating and issued a $56.00 target price on shares of Aercap Holdings N.V. in a research report on Friday, July 7th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $57.20.
Shares of Aercap Holdings N.V. (NYSE:AER) opened at $52.51 on Friday. Aercap Holdings N.V. has a 12-month low of $40.62 and a 12-month high of $54.50. The company has a market capitalization of $8,297.42, a PE ratio of 7.67, a P/E/G ratio of 0.70 and a beta of 1.87. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.42 and a quick ratio of 0.42.
Aercap Holdings N.V. (NYSE:AER) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.15. Aercap Holdings N.V. had a return on equity of 13.84% and a net margin of 22.84%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company posted $1.22 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. equities analysts anticipate that Aercap Holdings N.V. will post 6.22 earnings per share for the current fiscal year.
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Aercap Holdings N.V. declared that its board has initiated a share repurchase plan on Thursday, August 3rd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.
In other Aercap Holdings N.V. news, Director James A. Lawrence bought 100,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average price of $49.81 per share, for a total transaction of $4,981,000.00. Following the purchase, the director now directly owns 53,280 shares of the company’s stock, valued at $2,653,876.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Several hedge funds and other institutional investors have recently made changes to their positions in AER. Financial Architects Inc boosted its stake in shares of Aercap Holdings N.V. by 2.1% in the 2nd quarter. Financial Architects Inc now owns 2,536 shares of the financial services provider’s stock worth $118,000 after buying an additional 52 shares during the last quarter. Huntington National Bank boosted its stake in shares of Aercap Holdings N.V. by 4.8% in the 2nd quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock worth $138,000 after buying an additional 136 shares during the last quarter. Israel Discount Bank of New York boosted its stake in shares of Aercap Holdings N.V. by 35.2% in the 2nd quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock worth $169,000 after buying an additional 950 shares during the last quarter. Atria Investments LLC purchased a new position in shares of Aercap Holdings N.V. in the 2nd quarter worth approximately $211,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Aercap Holdings N.V. in the 2nd quarter worth approximately $228,000. Hedge funds and other institutional investors own 89.07% 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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