AerCap (NYSE:AER – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Zacks.com reports. The firm currently has a $55.00 price objective on the financial services provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 13.45% from the stock’s previous close.
According to Zacks, “AERCAP HOLDINGS is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales.They also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. “
Other equities analysts also recently issued research reports about the company. TheStreet downgraded AerCap from a “b” rating to a “c+” rating in a research report on Wednesday, March 30th. Credit Suisse Group dropped their price target on AerCap from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, March 31st. HSBC dropped their price target on AerCap from $69.50 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, May 25th. Cowen dropped their price target on AerCap from $75.00 to $70.00 in a research report on Thursday, March 31st. Finally, StockNews.com downgraded AerCap from a “hold” rating to a “sell” rating in a research report on Friday, May 27th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $68.56.
AerCap stock traded down $0.96 during mid-day trading on Wednesday, hitting $48.48. The company’s stock had a trading volume of 25,556 shares, compared to its average volume of 1,201,031. The company has a 50 day moving average of $48.78 and a 200-day moving average of $56.74. The stock has a market cap of $11.90 billion, a PE ratio of -18.36, a P/E/G ratio of 0.39 and a beta of 2.16. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.31 and a current ratio of 0.31. AerCap has a one year low of $40.98 and a one year high of $71.38.
AerCap (NYSE:AER – Get Rating) last announced its quarterly earnings data on Tuesday, May 17th. The financial services provider reported $2.23 EPS for the quarter, beating the consensus estimate of $1.39 by $0.84. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.97 billion. AerCap had a positive return on equity of 12.47% and a negative net margin of 20.75%. AerCap’s quarterly revenue was up 63.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.93 EPS. On average, equities research analysts forecast that AerCap will post 6.77 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its stake in AerCap by 237,968.6% in the first quarter. BNP Paribas Arbitrage SA now owns 121,415 shares of the financial services provider’s stock valued at $6,105,000 after buying an additional 121,364 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of AerCap in the first quarter worth about $213,000. Diameter Capital Partners LP purchased a new position in shares of AerCap in the first quarter worth about $4,525,000. Eaton Vance Management purchased a new position in shares of AerCap in the first quarter worth about $350,000. Finally, Empyrean Capital Partners LP raised its stake in shares of AerCap by 2.0% in the first quarter. Empyrean Capital Partners LP now owns 1,361,562 shares of the financial services provider’s stock worth $68,459,000 after purchasing an additional 26,044 shares during the last quarter. Institutional investors own 96.32% of the company’s stock.
About AerCap (Get Rating)
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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