AerCap Holdings Given New $55.00 Price Target at Cowen and Company (AER)
Stock analysts at Cowen and Company raised their price objective on shares of AerCap Holdings (NYSE:AER) from $43.00 to $55.00 in a report issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target would suggest a potential upside of 17.07% from the company’s current price.
Shares of AerCap Holdings (NYSE:AER) opened at 46.98 on Wednesday. AerCap Holdings has a 52-week low of $16.06 and a 52-week high of $48.34. The stock has a 50-day moving average of $41.39 and a 200-day moving average of $34.45. The company has a market cap of $5.346 billion and a price-to-earnings ratio of 18.55.
AerCap Holdings (NYSE:AER) last released its earnings data on Tuesday, May 6th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.05. The company had revenue of $249.00 million for the quarter, compared to the consensus estimate of $268.10 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Analysts expect that AerCap Holdings will post $3.41 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of AerCap Holdings in a research note on Friday, February 21st. They now have a $40.00 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of AerCap Holdings from $40.00 to $48.00 in a research note on Friday, February 21st. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of AerCap Holdings from $40.00 to $46.00 in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. AerCap Holdings has an average rating of “Hold” and a consensus target price of $38.79.
AerCap Holdings N.V. is an integrated global aviation company. The Company is engaged in the business of acquiring aviation assets at attractive prices, lease the assets to suitable lessees, and manage the funding and other lease related costs efficiently.
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