Aercap Holdings N.V. (AER) Receives Consensus Rating of “Buy” from Analysts
Aercap Holdings N.V. (NYSE:AER) has been given an average rating of “Buy” by the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $57.45.
A number of equities analysts have weighed in on AER shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Aercap Holdings N.V. in a research report on Friday, August 4th. Zacks Investment Research raised Aercap Holdings N.V. from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub raised Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 9th. Credit Suisse Group reaffirmed a “buy” rating and set a $56.00 price target on shares of Aercap Holdings N.V. in a research report on Friday, July 7th. Finally, ValuEngine raised Aercap Holdings N.V. from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th.
Shares of Aercap Holdings N.V. (AER) traded up 0.02% during trading on Friday, reaching $52.00. 818,740 shares of the company traded hands. The stock has a market cap of $8.35 billion, a P/E ratio of 8.20 and a beta of 1.86. Aercap Holdings N.V. has a 12 month low of $38.20 and a 12 month high of $52.34. The stock’s 50 day moving average price is $49.62 and its 200-day moving average price is $47.00.
Aercap Holdings N.V. (NYSE:AER) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.29. Aercap Holdings N.V. had a return on equity of 14.43% and a net margin of 22.26%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $1.22 EPS. The business’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts expect that Aercap Holdings N.V. will post $6.11 EPS for the current fiscal year.
Aercap Holdings N.V. announced that its Board of Directors has initiated a share repurchase program on Thursday, August 3rd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
In related news, Director Michael Gradon sold 742 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $50.16, for a total value of $37,218.72. Following the sale, the director now owns 3,380 shares in the company, valued at approximately $169,540.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James A. Lawrence purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average price of $49.81 per share, for a total transaction of $4,981,000.00. Following the purchase, the director now owns 53,280 shares in the company, valued at approximately $2,653,876.80. The disclosure for this purchase can be found here.
A number of institutional investors and hedge funds have recently bought and sold shares of AER. Financial Architects Inc raised its stake in Aercap Holdings N.V. by 2.1% in the 2nd quarter. Financial Architects Inc now owns 2,536 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 52 shares during the period. Huntington National Bank raised its stake in Aercap Holdings N.V. by 4.8% in the 2nd quarter. Huntington National Bank now owns 2,973 shares of the financial services provider’s stock valued at $138,000 after acquiring an additional 136 shares during the period. Israel Discount Bank of New York raised its stake in Aercap Holdings N.V. by 35.2% in the 2nd quarter. Israel Discount Bank of New York now owns 3,650 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 950 shares during the period. Atria Investments LLC bought a new stake in Aercap Holdings N.V. in the 2nd quarter valued at $211,000. Finally, Raymond James Trust N.A. bought a new stake in Aercap Holdings N.V. in the 2nd quarter valued at $228,000. Institutional investors and hedge funds own 88.94% of the company’s stock.
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About Aercap Holdings N.V.
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. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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