AerCap Holdings (AER) Receives $57.67 Average Price Target from Analysts
Shares of AerCap Holdings (NYSE:AER) have been assigned an average rating of “Buy” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $57.67.
A number of brokerages have recently issued reports on AER. Zacks Investment Research cut shares of AerCap from a “hold” rating to a “sell” rating in a report on Monday. UBS Group upped their target price on shares of AerCap from $44.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, November 9th. Citigroup began coverage on shares of AerCap in a report on Friday, December 8th. They issued a “neutral” rating and a $57.00 target price on the stock. Cowen reaffirmed a “buy” rating and issued a $55.00 target price on shares of AerCap in a report on Thursday, October 12th. Finally, Wells Fargo & Co set a $62.00 target price on shares of AerCap and gave the company a “buy” rating in a report on Friday, December 15th.
Shares of AerCap (AER) traded up $0.44 during mid-day trading on Friday, hitting $52.07. 1,753,275 shares of the stock were exchanged, compared to its average volume of 1,213,943. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.42 and a current ratio of 0.42. The company has a market cap of $8,160.00, a PE ratio of 7.64, a price-to-earnings-growth ratio of 0.70 and a beta of 1.79. AerCap has a 12 month low of $42.35 and a 12 month high of $55.67.
AerCap declared that its board has authorized a stock buyback plan on Thursday, November 2nd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
A number of institutional investors have recently added to or reduced their stakes in AER. Prudential Financial Inc. raised its holdings in AerCap by 20.4% in the 2nd quarter. Prudential Financial Inc. now owns 20,067 shares of the financial services provider’s stock valued at $932,000 after acquiring an additional 3,406 shares during the period. Principal Financial Group Inc. raised its holdings in AerCap by 46.7% in the 2nd quarter. Principal Financial Group Inc. now owns 22,895 shares of the financial services provider’s stock valued at $1,063,000 after acquiring an additional 7,289 shares during the period. PNC Financial Services Group Inc. raised its holdings in AerCap by 5.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,851 shares of the financial services provider’s stock valued at $922,000 after acquiring an additional 993 shares during the period. New York State Common Retirement Fund raised its holdings in AerCap by 189.5% in the 2nd quarter. New York State Common Retirement Fund now owns 155,199 shares of the financial services provider’s stock valued at $7,206,000 after acquiring an additional 101,583 shares during the period. Finally, GSA Capital Partners LLP bought a new position in AerCap in the 2nd quarter valued at about $719,000. 85.43% of the stock is currently owned by hedge funds and other institutional investors.
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AerCap 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. It operates its business on a global basis, leasing aircraft to customers in various geographical regions.
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