AerCap Holdings (NYSE:AER – Get Rating) has been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $70.57.
A number of analysts have weighed in on AER shares. StockNews.com began coverage on AerCap in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Barclays lifted their target price on AerCap from $66.00 to $77.00 in a research report on Friday, January 6th.
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Hedge Funds Weigh In On AerCap
A number of hedge funds and other institutional investors have recently made changes to their positions in AER. BlackRock Inc. grew its holdings in shares of AerCap by 90.7% during 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 during the last quarter. Franklin Resources Inc. grew its holdings in shares of AerCap by 68.0% during 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 during the last quarter. State Street Corp boosted its holdings in AerCap by 112.8% in the 1st quarter. State Street Corp now owns 2,155,846 shares of the financial services provider's stock valued at $108,396,000 after purchasing an additional 1,142,547 shares in the last quarter. Parsifal Capital Management LP boosted its holdings in AerCap by 142.9% in the 3rd quarter. Parsifal Capital Management LP now owns 1,629,984 shares of the financial services provider's stock valued at $68,997,000 after purchasing an additional 958,884 shares in the last quarter. Finally, London Co. of Virginia boosted its holdings in AerCap by 22.7% in the 3rd quarter. London Co. of Virginia now owns 4,165,558 shares of the financial services provider's stock valued at $176,328,000 after purchasing an additional 769,584 shares in the last quarter. Hedge funds and other institutional investors own 98.17% of the company's stock.
AerCap Stock Up 2.2 %
AerCap stock opened at $64.62 on Thursday. AerCap has a 1-year low of $37.20 and a 1-year high of $68.57. The company has a debt-to-equity ratio of 3.03, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $15.86 billion, a PE ratio of -13.78, a P/E/G ratio of 0.78 and a beta of 2.00. The stock's fifty day moving average is $60.35 and its two-hundred day moving average is $52.51.
AerCap (NYSE:AER – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The financial services provider reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same period last year, the firm earned $4.04 earnings per share. AerCap's quarterly revenue was up 18.6% on a year-over-year basis. On average, sell-side analysts expect that AerCap will post 8.29 EPS for the current fiscal year.
About AerCap
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AerCap Holdings NV engages in the leasing, financing, sales, and management of commercial flight equipment. It also provides aircraft owners, financiers and investors with asset services to manage an aircraft portfolio. The company was founded in 1995 and is headquartered in Dublin, Ireland.
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