Other research analysts also recently issued research reports about the company. Cowen lifted their price objective on AerCap from $56.00 to $60.00 and gave the stock an outperform rating in a report on Tuesday, July 30th. Goldman Sachs Group began coverage on AerCap in a report on Monday, April 8th. They issued a neutral rating and a $58.00 price objective on the stock. Compass Point lifted their price objective on AerCap from $69.00 to $73.00 and gave the stock a buy rating in a report on Wednesday. Finally, Zacks Investment Research downgraded AerCap from a buy rating to a hold rating in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $60.14.
NYSE AER opened at $52.80 on Wednesday. The company’s 50-day moving average price is $50.90. AerCap has a twelve month low of $36.16 and a twelve month high of $58.30. The company has a quick ratio of 0.64, a current ratio of 0.25 and a debt-to-equity ratio of 3.20. The stock has a market capitalization of $8.20 billion, a P/E ratio of 7.19 and a beta of 1.86.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of AerCap in the second quarter worth about $51,000. Cerebellum GP LLC bought a new stake in shares of AerCap in the second quarter worth about $107,000. Rockefeller Capital Management L.P. bought a new stake in shares of AerCap in the first quarter worth about $109,000. Advisors Asset Management Inc. grew its stake in shares of AerCap by 43.5% in the first quarter. Advisors Asset Management Inc. now owns 2,361 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 716 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of AerCap in the first quarter worth about $112,000. Hedge funds and other institutional investors own 81.38% of the company’s stock.
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: What does a market perform rating mean?
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