AerCap Holdings Receives Average Rating of “Hold” from Brokerages (NYSE:AER)
Shares of AerCap Holdings (NYSE:AER) have been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, American Banking News.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $38.79.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of AerCap Holdings from $48.00 to $52.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock. Analysts at Cowen and Company raised their price target on shares of AerCap Holdings from $43.00 to $55.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock.
In other AerCap Holdings news, Director Michael Gradon sold 3,250 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $45.23, for a total value of $146,997.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
AerCap Holdings (NYSE:AER) traded up 0.75% during mid-day trading on Tuesday, hitting $45.82. 292,054 shares of the company’s stock traded hands. AerCap Holdings has a one year low of $16.65 and a one year high of $48.81. The stock has a 50-day moving average of $46.42 and a 200-day moving average of $40.29. The company has a market cap of $5.214 billion and a P/E ratio of 18.80.
AerCap Holdings (NYSE:AER) last posted its quarterly earnings results 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 $3.12 EPS for the current fiscal year.
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.