Zacks Investment Research cut shares of AerCap (NYSE:AER) from a buy rating to a hold rating in a research note released on Friday morning.

According to Zacks, “AERCAP HOLDINGS is an integrated global aviation company with a leading market position in aircraft and engine leasing, trading and parts sales.They also provides aircraft management services and performs aircraft and engine maintenance, repair and overhaul services and aircraft disassemblies through its certified repair stations. “

A number of other analysts also recently issued reports on AER. Morgan Stanley lifted their target price on AerCap from $53.00 to $54.00 and gave the company an underweight rating in a research report on Monday, August 6th. Barclays lowered their target price on AerCap from $71.00 to $69.00 and set an overweight rating on the stock in a research report on Tuesday, July 31st. ValuEngine downgraded AerCap from a strong-buy rating to a buy rating in a research report on Wednesday, May 2nd. Stephens downgraded AerCap from an overweight rating to an equal weight rating and set a $64.00 target price on the stock. in a research report on Tuesday, July 31st. Finally, Cowen reaffirmed an outperform rating and issued a $60.00 target price (up previously from $58.00) on shares of AerCap in a research report on Friday, May 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $63.00.

Shares of AerCap traded down $0.50, reaching $57.25, during trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 1,209,832 shares, compared to its average volume of 1,139,180. The firm has a market cap of $8.60 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 1.25 and a beta of 1.88. AerCap has a 52 week low of $47.70 and a 52 week high of $58.30. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.49 and a quick ratio of 0.49.

AerCap (NYSE:AER) last issued its quarterly earnings results on Monday, July 30th. The financial services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.23. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. AerCap had a return on equity of 12.15% and a net margin of 21.24%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 earnings per share. equities analysts expect that AerCap will post 6.53 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Gravity Wealth Inc. acquired a new position in AerCap during the first quarter worth approximately $146,000. Commonwealth Equity Services LLC acquired a new position in AerCap during the second quarter worth approximately $224,000. CIBC World Markets Inc. acquired a new position in AerCap during the first quarter worth approximately $254,000. Signaturefd LLC acquired a new position in AerCap during the first quarter worth approximately $320,000. Finally, Canandaigua National Bank & Trust Co. acquired a new position in AerCap during the first quarter worth approximately $336,000. 83.57% of the stock is currently owned by hedge funds and other institutional investors.

AerCap Company Profile

AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in Mainland China, Hong Kong, Macau, the United States, Ireland, and internationally. The company provides aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews.

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