AerCap Holdings (NYSE:AER) Receives $52.88 Consensus PT from Brokerages
AerCap Holdings (NYSE:AER) has received an average rating of “Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $52.88.
A number of brokerages have weighed in on AER. Deutsche Bank cut their target price on shares of AerCap from $63.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Bank of America lowered shares of AerCap from a “buy” rating to a “neutral” rating in a research report on Monday, June 1st. TheStreet lowered shares of AerCap from a “b” rating to a “c+” rating in a research report on Thursday, March 12th. Barclays raised their price objective on shares of AerCap from $32.00 to $39.00 and gave the company an “in-line” rating in a research report on Wednesday, May 6th. Finally, ValuEngine lowered shares of AerCap from a “sell” rating to a “strong sell” rating in a research report on Thursday, May 14th.
Hedge funds have recently added to or reduced their stakes in the company. RMR Wealth Builders bought a new stake in AerCap during the fourth quarter valued at approximately $36,000. Americana Partners LLC bought a new stake in AerCap during the fourth quarter valued at approximately $39,000. Tower Research Capital LLC TRC lifted its position in AerCap by 116.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,882 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,013 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in AerCap during the fourth quarter valued at approximately $117,000. Finally, Bartlett & Co. LLC bought a new stake in AerCap during the first quarter valued at approximately $44,000. Institutional investors own 85.05% of the company’s stock.
AerCap (NYSE:AER) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.39. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. AerCap had a net margin of 23.91% and a return on equity of 12.79%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $1.68 earnings per share. As a group, sell-side analysts anticipate that AerCap will post 6.46 earnings per share for the current year.
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers 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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