AerCap (NYSE:AER) Given a $61.00 Price Target at Citigroup

Citigroup set a $61.00 price objective on AerCap (NYSE:AER) in a research note released on Wednesday, TipRanks reports. The firm currently has a hold rating on the financial services provider’s stock.

AER has been the topic of a number of other reports. Cowen upped their target price on shares of AerCap from $56.00 to $60.00 and gave the company an outperform rating in a research report on Tuesday. Compass Point upped their target price on shares of AerCap from $69.00 to $73.00 and gave the company a buy rating in a research report on Wednesday. Goldman Sachs Group began coverage on shares of AerCap in a research report on Monday, April 8th. They set a neutral rating and a $58.00 target price on the stock. Finally, Zacks Investment Research downgraded shares of AerCap from a buy rating to a hold rating in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. AerCap presently has an average rating of Hold and an average price target of $60.14.

AerCap stock traded down $1.19 during trading hours on Wednesday, reaching $52.80. 691,767 shares of the company’s stock traded hands, compared to its average volume of 1,148,325. The company has a debt-to-equity ratio of 3.43, a current ratio of 0.64 and a quick ratio of 0.64. AerCap has a fifty-two week low of $36.16 and a fifty-two week high of $58.30. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 7.73 and a beta of 1.86. The business’s 50 day moving average price is $50.83.

AerCap (NYSE:AER) last released its earnings results on Tuesday, July 30th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.70. AerCap had a net margin of 20.57% and a return on equity of 11.09%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the company posted $1.70 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. On average, analysts forecast that AerCap will post 6.79 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in AER. Geode Capital Management LLC raised its holdings in shares of AerCap by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 500,228 shares of the financial services provider’s stock valued at $19,721,000 after buying an additional 43,053 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of AerCap by 8.3% during the fourth quarter. Principal Financial Group Inc. now owns 16,515 shares of the financial services provider’s stock worth $654,000 after acquiring an additional 1,261 shares during the period. Two Sigma Advisers LP acquired a new position in shares of AerCap during the fourth quarter worth about $2,546,000. Squarepoint Ops LLC acquired a new position in shares of AerCap during the fourth quarter worth about $238,000. Finally, Macquarie Group Ltd. increased its stake in shares of AerCap by 65.0% during the fourth quarter. Macquarie Group Ltd. now owns 9,900 shares of the financial services provider’s stock worth $392,000 after acquiring an additional 3,900 shares during the period. Institutional investors and hedge funds own 81.38% of the company’s stock.

AerCap Company Profile

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

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Analyst Recommendations for AerCap (NYSE:AER)

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