FBR & Co Upgrades AerCap Holdings NV (AER) to Outperform
AerCap Holdings NV (NYSE:AER) was upgraded by stock analysts at FBR & Co from a “market perform” rating to an “outperform” rating in a research note issued on Monday. The firm currently has a $53.00 target price on the stock, up from their prior target price of $43.00. FBR & Co’s price target would indicate a potential upside of 19.24% from the company’s previous close.
AER has been the topic of a number of other research reports. DA Davidson reiterated a “buy” rating on shares of AerCap Holdings NV in a report on Monday, August 15th. Royal Bank Of Canada lifted their price target on AerCap Holdings NV from $72.00 to $74.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. TheStreet upgraded AerCap Holdings NV from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. RBC Capital Markets reiterated an “outperform” rating and set a $74.00 price target (up previously from $72.00) on shares of AerCap Holdings NV in a report on Friday, August 12th. Finally, Zacks Investment Research downgraded AerCap Holdings NV from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $55.85.
Shares of AerCap Holdings NV (NYSE:AER) opened at 44.34 on Monday. AerCap Holdings NV has a 1-year low of $24.61 and a 1-year high of $46.32. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 9.07 and a beta of 1.65. The company’s 50 day moving average price is $40.10 and its 200-day moving average price is $38.46.
AerCap Holdings NV (NYSE:AER) last announced its earnings results on Tuesday, November 8th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.24. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.20 billion. AerCap Holdings NV had a return on equity of 14.06% and a net margin of 18.48%. AerCap Holdings NV’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.64 earnings per share. Equities analysts expect that AerCap Holdings NV will post $5.96 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Financial Counselors Inc. increased its stake in AerCap Holdings NV by 1.5% in the second quarter. Financial Counselors Inc. now owns 7,065 shares of the company’s stock valued at $237,000 after buying an additional 106 shares during the period. Genesee Valley Trust Co. increased its stake in AerCap Holdings NV by 1.9% in the third quarter. Genesee Valley Trust Co. now owns 9,164 shares of the company’s stock valued at $353,000 after buying an additional 170 shares during the period. Scotia Capital Inc. increased its stake in AerCap Holdings NV by 0.9% in the second quarter. Scotia Capital Inc. now owns 20,034 shares of the company’s stock valued at $675,000 after buying an additional 173 shares during the period. Stifel Financial Corp increased its stake in AerCap Holdings NV by 1.0% in the second quarter. Stifel Financial Corp now owns 21,387 shares of the company’s stock valued at $718,000 after buying an additional 205 shares during the period. Finally, Advisor Group Inc. increased its stake in AerCap Holdings NV by 3.3% in the third quarter. Advisor Group Inc. now owns 7,587 shares of the company’s stock valued at $290,000 after buying an additional 243 shares during the period. Institutional investors own 87.85% of the company’s stock.
About AerCap Holdings NV
AerCap Holdings N.V. is an independent aircraft leasing company. The Company focuses on acquiring in-demand aircraft, funding them, hedging interest rate risk and using its platform to deploy these assets. The Company operates its business on a global basis, leasing aircraft to customers in various geographical region.
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