Aercap Holdings N.V. (AER) Receives Average Rating of “Buy” from Analysts
Shares of Aercap Holdings N.V. (NYSE:AER) have earned an average recommendation of “Buy” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $57.44.
A number of equities analysts have weighed in on AER shares. Zacks Investment Research cut shares of Aercap from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Cowen reissued a “buy” rating and issued a $55.00 price objective on shares of Aercap in a research report on Thursday, October 12th. UBS upped their price objective on shares of Aercap from $44.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, November 9th. Citigroup started coverage on shares of Aercap in a research report on Friday, December 8th. They issued a “neutral” rating and a $57.00 price objective for the company. Finally, Royal Bank of Canada decreased their price objective on shares of Aercap from $77.00 to $74.00 and set an “outperform” rating for the company in a research report on Tuesday, November 14th.
Shares of Aercap (NYSE:AER) opened at $52.12 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 3.17. Aercap has a 12-month low of $41.34 and a 12-month high of $54.50. The firm has a market cap of $8,290.00, a price-to-earnings ratio of 7.67, a P/E/G ratio of 0.71 and a beta of 1.84.
Aercap declared that its board has authorized a share repurchase plan on Thursday, November 2nd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
Institutional investors have recently modified their holdings of the company. Israel Discount Bank of New York raised its stake in shares of Aercap 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 purchasing an additional 950 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Aercap in the 3rd quarter valued at about $208,000. Magnetar Financial LLC acquired a new stake in shares of Aercap in the 3rd quarter valued at about $211,000. Caxton Associates LP acquired a new stake in shares of Aercap in the 3rd quarter valued at about $225,000. Finally, Raymond James Trust N.A. acquired a new stake in shares of Aercap in the 2nd quarter valued at about $228,000. Institutional investors and hedge funds own 85.87% of the company’s stock.
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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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