AerCap (NYSE:AER) PT Raised to $73.00

AerCap (NYSE:AER) had its target price increased by stock analysts at Compass Point from $69.00 to $73.00 in a research note issued on Wednesday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Compass Point’s target price suggests a potential upside of 35.21% from the company’s current price.

A number of other research firms have also weighed in on AER. Citigroup upped their target price on AerCap from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Goldman Sachs Group started coverage on AerCap in a report on Monday, April 8th. They set a “neutral” rating and a $58.00 target price for the company. Zacks Investment Research lowered AerCap from a “buy” rating to a “hold” rating in a report on Tuesday, June 25th. Finally, Cowen upped their target price on AerCap from $56.00 to $60.00 and gave the stock an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $60.14.

AerCap stock opened at $53.99 on Wednesday. The business’s fifty day moving average is $50.83. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 7.90 and a beta of 1.86. AerCap has a twelve month low of $36.16 and a twelve month high of $58.30.

AerCap (NYSE:AER) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.70. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.21 billion. AerCap had a return on equity of 11.09% and a net margin of 20.57%. AerCap’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.70 earnings per share. Research analysts anticipate that AerCap will post 6.79 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Asahi Life Asset Management CO. LTD. acquired a new position in shares of AerCap in the 1st quarter valued at $261,000. Hayden Royal LLC acquired a new position in shares of AerCap in the 1st quarter valued at $346,000. BlackRock Inc. increased its position in shares of AerCap by 1.7% in the 1st quarter. BlackRock Inc. now owns 6,749,365 shares of the financial services provider’s stock valued at $314,116,000 after acquiring an additional 111,796 shares during the period. FNY Investment Advisers LLC increased its position in shares of AerCap by 75.4% in the 1st quarter. FNY Investment Advisers LLC now owns 5,000 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 2,150 shares during the period. Finally, KCS Wealth Advisory increased its position in shares of AerCap by 42.9% in the 1st quarter. KCS Wealth Advisory now owns 17,631 shares of the financial services provider’s stock valued at $821,000 after acquiring an additional 5,293 shares during the period. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

About AerCap

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.

Further Reading: Oversold

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