AerCap Holdings NV (AER) Bonds Trading 1.3% Higher
An issue of AerCap Holdings NV (NYSE:AER) debt rose 1.3% as a percentage of its face value during trading on Monday. The high-yield debt issue has a 5.875% coupon and is set to mature on August 15, 2022. The debt is now trading at $109.75 and was trading at $110.00 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.
A number of equities research analysts have recently weighed in on AER shares. Zacks Investment Research raised AerCap Holdings NV from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, July 26th. Royal Bank Of Canada boosted their target price on AerCap Holdings NV from $72.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. RBC Capital Markets reissued an “outperform” rating and issued a $74.00 target price (up previously from $72.00) on shares of AerCap Holdings NV in a research note on Friday, August 12th. DA Davidson reissued a “buy” rating on shares of AerCap Holdings NV in a research note on Monday, August 15th. Finally, FBR & Co set a $40.00 target price on AerCap Holdings NV and gave the company a “hold” rating in a research note on Tuesday, August 23rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $55.77.
AerCap Holdings NV (NYSE:AER) opened at 43.66 on Wednesday. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 8.93 and a beta of 1.65. AerCap Holdings NV has a 12 month low of $24.61 and a 12 month high of $46.32. The stock has a 50 day moving average price of $41.41 and a 200 day moving average price of $38.64.
AerCap Holdings NV (NYSE:AER) last released its quarterly earnings results on Tuesday, November 8th. The company reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.24. The company earned $1.23 billion during 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%. The firm’s revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.64 earnings per share. Analysts anticipate that AerCap Holdings NV will post $6.21 earnings per share for the current fiscal year.
In related news, Director Michael Gradon sold 1,091 shares of AerCap Holdings NV stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $44.57, for a total value of $48,625.87. Following the completion of the transaction, the director now owns 4,122 shares in the company, valued at $183,717.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ETRADE Capital Management LLC raised its position in AerCap Holdings NV by 30.0% in the third quarter. ETRADE Capital Management LLC now owns 10,932 shares of the company’s stock valued at $421,000 after buying an additional 2,524 shares in the last quarter. Lombard Odier Asset Management Switzerland SA bought a new position in AerCap Holdings NV during the third quarter valued at approximately $441,000. Caisse DE Depot ET Placement DU Quebec raised its position in AerCap Holdings NV by 46.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 145,399 shares of the company’s stock valued at $5,596,000 after buying an additional 45,899 shares in the last quarter. Xact Kapitalforvaltning AB bought a new position in AerCap Holdings NV during the third quarter valued at approximately $657,000. Finally, Highbridge Capital Management LLC bought a new position in AerCap Holdings NV during the third quarter valued at approximately $340,000. Institutional investors own 85.71% of the company’s stock.
AerCap Holdings NV Company Profile
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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