Shares of AerCap Holdings (NYSE:AER – Get Rating) have received a consensus recommendation of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $70.57.
AER has been the subject of a number of analyst reports. StockNews.com initiated coverage on AerCap in a report on Wednesday, October 12th. They issued a "hold" rating for the company. Barclays raised their price target on AerCap from $66.00 to $77.00 in a report on Friday.
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Institutional Investors Weigh In On AerCap
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its position in shares of AerCap by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 9,032,574 shares of the financial services provider's stock worth $382,347,000 after buying an additional 128,473 shares in the last quarter. Cooke & Bieler LP raised its position in shares of AerCap by 26.8% in the second quarter. Cooke & Bieler LP now owns 6,102,854 shares of the financial services provider's stock worth $249,851,000 after buying an additional 1,290,882 shares in the last quarter. BlackRock Inc. raised its position in shares of AerCap by 90.7% in the first quarter. BlackRock Inc. now owns 5,767,535 shares of the financial services provider's stock worth $289,992,000 after buying an additional 2,743,035 shares in the last quarter. Franklin Resources Inc. raised its position in shares of AerCap by 68.0% in the second quarter. Franklin Resources Inc. now owns 4,999,261 shares of the financial services provider's stock worth $204,670,000 after buying an additional 2,023,943 shares in the last quarter. Finally, London Co. of Virginia raised its position in shares of AerCap by 22.7% in the third quarter. London Co. of Virginia now owns 4,165,558 shares of the financial services provider's stock worth $176,328,000 after buying an additional 769,584 shares in the last quarter. Hedge funds and other institutional investors own 98.17% of the company's stock.
AerCap Price Performance
Shares of NYSE AER opened at $61.42 on Friday. The stock has a fifty day simple moving average of $58.16 and a two-hundred day simple moving average of $49.57. AerCap has a 1-year low of $37.20 and a 1-year high of $68.92. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of -13.10, a price-to-earnings-growth ratio of 0.91 and a beta of 2.00. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 3.03.
AerCap (NYSE:AER – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.82. AerCap had a positive return on equity of 11.28% and a negative net margin of 17.08%. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the company earned $4.04 earnings per share. AerCap's revenue was up 18.6% compared to the same quarter last year. Analysts anticipate that AerCap will post 8.28 earnings per share for the current year.
About AerCap
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AerCap Holdings N.V. engages in the lease, financing, sale, and management of commercial flight equipment in China, Hong Kong, Macau, the United States, Ireland, and internationally. The company offers aircraft asset management services, such as remarketing aircraft and engines; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft and engines; and conducting ongoing lessee financial performance reviews.
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