AerCap (NYSE:AER) had its price objective raised by Credit Suisse Group from $67.00 to $70.00 in a report published on Tuesday, The Fly reports. Credit Suisse Group currently has an outperform rating on the financial services provider’s stock.
A number of other equities analysts have also recently issued reports on the stock. Citigroup set a $61.00 price objective on shares of AerCap and gave the company a hold rating in a research note on Wednesday, July 31st. Barclays raised their price objective on shares of AerCap from $64.00 to $73.00 and gave the company an overweight rating in a research note on Tuesday. Zacks Investment Research cut shares of AerCap from a hold rating to a sell rating in a research note on Monday, November 11th. Compass Point raised their price objective on shares of AerCap from $69.00 to $73.00 and gave the company a buy rating in a research note on Wednesday, July 31st. Finally, Cowen raised their price objective on shares of AerCap from $56.00 to $60.00 and gave the company an outperform rating in a research note on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $64.71.
Shares of AerCap stock traded down $0.06 during midday trading on Tuesday, reaching $59.89. The company had a trading volume of 651,336 shares, compared to its average volume of 772,637. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 3.17. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 8.77 and a beta of 1.81. The stock has a fifty day simple moving average of $56.62 and a 200 day simple moving average of $52.49. AerCap has a 1-year low of $36.16 and a 1-year high of $62.86.
AerCap (NYSE:AER) last announced its quarterly earnings data on Friday, November 8th. The financial services provider reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.13. AerCap had a net margin of 21.81% and a return on equity of 11.82%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $1.79 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts expect that AerCap will post 7.89 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in shares of AerCap by 46.6% during the third quarter. Parallel Advisors LLC now owns 736 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 234 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of AerCap during the second quarter worth $51,000. SRS Capital Advisors Inc. bought a new position in shares of AerCap during the second quarter worth $59,000. Quest Capital Management Inc. ADV bought a new position in shares of AerCap during the third quarter worth $80,000. Finally, Cerebellum GP LLC bought a new position in shares of AerCap during the second quarter worth $107,000. 85.38% of the stock is currently owned by institutional investors.
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.
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