Aercap (NYSE:AER) Stock Rating Lowered by Zacks Research

Aercap (NYSE:AER) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on AER. TD Cowen boosted their target price on Aercap from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings cut Aercap from a “buy (a-)” rating to a “buy (b+)” rating in a report on Tuesday, May 26th. Morgan Stanley cut their price objective on Aercap from $160.00 to $155.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Susquehanna lifted their price objective on Aercap from $165.00 to $170.00 and gave the company a “positive” rating in a report on Thursday, April 30th. Finally, Truist Financial lifted their price objective on Aercap from $159.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Aercap currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.13.

Aercap Stock Performance

Shares of NYSE:AER opened at $133.76 on Monday. The stock has a market capitalization of $22.32 billion, a P/E ratio of 5.86, a P/E/G ratio of 0.96 and a beta of 0.93. Aercap has a 1-year low of $105.65 and a 1-year high of $154.94. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 2.34. The business has a 50-day moving average price of $140.93 and a two-hundred day moving average price of $141.68.

Aercap (NYSE:AER) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $5.39 earnings per share for the quarter. The firm had revenue of $2.30 billion during the quarter. Aercap had a return on equity of 16.01% and a net margin of 45.22%. Equities analysts predict that Aercap will post 17.23 earnings per share for the current year.

Aercap announced that its board has approved a stock buyback plan on Wednesday, April 29th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to buy up to 4.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Aercap

A number of large investors have recently bought and sold shares of the company. State Street Corp boosted its position in Aercap by 3.7% during the 4th quarter. State Street Corp now owns 5,112,626 shares of the financial services provider’s stock worth $735,003,000 after acquiring an additional 184,425 shares during the last quarter. Mizuho Markets Cayman LP boosted its position in Aercap by 45,615.5% during the 3rd quarter. Mizuho Markets Cayman LP now owns 3,510,491 shares of the financial services provider’s stock worth $424,769,000 after acquiring an additional 3,502,812 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in Aercap by 56.3% during the 4th quarter. Mawer Investment Management Ltd. now owns 3,272,935 shares of the financial services provider’s stock worth $470,517,000 after acquiring an additional 1,179,241 shares during the last quarter. Ninety One UK Ltd boosted its position in Aercap by 1.1% during the 4th quarter. Ninety One UK Ltd now owns 2,804,003 shares of the financial services provider’s stock worth $403,103,000 after acquiring an additional 31,794 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Aercap by 2.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,738,772 shares of the financial services provider’s stock worth $393,726,000 after acquiring an additional 71,923 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.

About Aercap

AerCap Holdings N.V. (NYSE: AER) is a global aircraft leasing and aviation finance company that acquires, leases, sells and manages commercial aircraft and engines. Its core services include operating leases, finance leases, sale-and-leaseback transactions, aircraft trading and remarketing, and asset management for airline customers. The company also provides related commercial and technical support services designed to optimize fleet utilization and residual values over the life cycle of aircraft and engines.

Operating with a broad global footprint, AerCap serves airlines and other aviation customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.